Enterprise Products Partners L.P. (NYSE:EPD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have earned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.1176.

A number of equities research analysts have commented on EPD shares. Wall Street Zen upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 6th. Capital One Financial assumed coverage on shares of Enterprise Products Partners in a research report on Tuesday. They issued an “equal weight” rating and a $42.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 target price on shares of Enterprise Products Partners in a research note on Tuesday. Stifel Nicolaus began coverage on shares of Enterprise Products Partners in a research report on Thursday, September 10th. They set a “hold” rating and a $40.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th.

Enterprise Products Partners Price Performance

NYSE EPD opened at $38.11 on Friday. The firm’s fifty day simple moving average is $38.52 and its two-hundred day simple moving average is $37.98. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. Enterprise Products Partners has a 12-month low of $30.01 and a 12-month high of $40.17. The firm has a market capitalization of $82.30 billion, a P/E ratio of 13.23, a P/E/G ratio of 1.41 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.The firm had revenue of $18.27 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 60.8% compared to the same quarter last year. Analysts forecast that Enterprise Products Partners will post 3.03 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.24 annualized dividend and a yield of 5.9%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is 77.78%.

Hedge Funds Weigh In On Enterprise Products Partners

Several institutional investors and hedge funds have recently modified their holdings of EPD. Royal Palms Capital LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $1,830,000. Texas Yale Capital Corp. raised its position in shares of Enterprise Products Partners by 4.9% during the 4th quarter. Texas Yale Capital Corp. now owns 1,905,939 shares of the oil and gas producer’s stock worth $61,104,000 after purchasing an additional 88,475 shares during the last quarter. Evolve Private Wealth LLC lifted its stake in Enterprise Products Partners by 662.0% in the 1st quarter. Evolve Private Wealth LLC now owns 154,492 shares of the oil and gas producer’s stock valued at $5,846,000 after buying an additional 134,218 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in Enterprise Products Partners in the 2nd quarter worth about $12,866,000. Finally, Bank of America Corp DE purchased a new stake in Enterprise Products Partners during the 2nd quarter worth approximately $416,553,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners News Summary

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and set a $42 price target, citing export demand, Permian Basin growth, and favorable pricing and volume trends. These factors suggest another solid quarter for Enterprise Products Partners. Enterprise Products Partners Seen Supported by Export Demand, Permian Growth, RBC Says
• Positive Sentiment: Enterprise Products Partners’ midstream assets could benefit from rising natural-gas demand from artificial-intelligence data centers. Long-term, fee-based contracts may provide relatively stable cash flow as data-center power requirements expand. The AI Bottleneck Is Not Chips Anymore and 3 Pipeline Stocks Are Cashing In
• Neutral Sentiment: Capital One initiated coverage with an Equal Weight rating and Melius Research began coverage with a Hold rating. Both firms assigned $42 price targets, implying upside from recent levels but signaling limited conviction for outperformance. Capital One Initiates Enterprise Products Partners at Equalweight With $42 Price Target
• Neutral Sentiment: The latest market-session report describes a decline in EPD units but provides no new fundamental or company-specific reason for the move, suggesting broader trading factors or profit-taking may be involved. Enterprise Products Partners Stock Moves: What You Should Know
• Negative Sentiment: Higher interest rates remain a risk for midstream income investments because they can increase financing costs and make high-yield alternatives more attractive relative to pipeline distributions. How Midstream Defends Against Rising Interest Rates

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a publicly traded midstream energy partnership that provides transportation, storage, processing and export services for crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and marine terminals.

Enterprise’s NGL operations include natural gas processing, NGL fractionation and the production and distribution of ethane, propane, butanes and natural gasoline.