According to Bloomberg Ratings, the consensus recommendation for Enterprise Products Partners LP (NYSE:EPD) of the twelve brokerages now tracking the stock is “Moderate Buy.” In addition, the stock received a five analyst hold rating, a four analyst buy rating, a strong one analyst buy rating, and a one analyst sell rating. The 12-month average price target for analysts who recently released reports on the stock is $30.44.
Several stock analysts have recently mentioned the company in their comments. Tudor, Pickering, Holt & Co. downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating and set the stock price target at $29.00 in a research report released on Tuesday, October 18. In a research report published on January 18, Tudor Pickering downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating and set a price target of $29.00. In a research note published Thursday, August 4, Raymond James raised the stock’s “strong buy” recommendation from “buy” to “strong” and raised the price target for Enterprise Products Partners from $31.00. at $32.00. StockNews.com began looking for enterprise product partners on Wednesday, October 12. They called the headline a “buy”. Enterprise Products Partners’ rating was upgraded by TD Securities on Thursday, August 4 from ‘hold’ to ‘buy’, with a target price of $30.00.
Several institutional investors and hedge funds have recently changed the amount of EPDs they hold. Sargent Bickham Lagudis LLC increased its holdings in Enterprise Products Partners during the second quarter, bringing their value to over $2,500. Mark Sheptoff Financial Planning LLC increased its stake in Enterprise Products Partners by 64.5% during the first quarter. Mark Sheptoff Financial Planning LLC increased its stake in the oil and gas producer in the last quarter to 1,020 shares, worth $26,000. Zullo Investment Group Inc. increased its stake in Enterprise Products Partners during the first quarter by 133.1%. Zullo Investment Group Inc. currently owns 1,000 shares of the oil and gas company, which sold for $26,000 a share after buying 571 additional shares in the last quarter. During the first quarter, Oliver Lagore Vanvalin Investment Group made a new investment of $26,000 in Enterprise Products Partners. Finally, Fairfield Bush & Co. invested $31,000 in a new position from Enterprise Products Partners during the first quarter. The stock is held by institutions and hedge funds at 27.29%.
Shares of Enterprise Products Partners began trading at $24.61 on Friday. The company has a debt ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.86. The simple moving averages for the 50 and 200 day periods of the company are $25.01 and $25.72 respectively. The company has a market value of $53.54 billion, a PE ratio of 10.61 and a beta of 1.14. The 52-week range for Enterprise Product Partners is $20.42-$28.65.
The company has also just declared a quarterly dividend, distributed on November 14. On Monday, October 31, registered shareholders received a dividend of $0.475. This generates a dividend yield of 7.72% and an annual dividend of $1.90. The ex-dividend date of this dividend was Friday, October 28. Enterprise Products Partners’ current payout ratio is 81.90%.
Enterprise Products Partners LP provides midstream energy services for the production and use of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and processed products. The Company’s four operating segments are NGL Pipelines and Services, Crude Oil Pipelines and Services, Natural Gas Pipelines and Services, and Petrochemicals and Refined Products Services.