Shares of Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.50.
Several equities research analysts have recently commented on EPD shares. Tudor, Pickering, Holt & Co. cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Tuesday, October 18th. Tudor Pickering downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a report on Tuesday, October 18th. Wolfe Research raised shares of Enterprise Products Partners from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Monday, January 9th. Citigroup started coverage on shares of Enterprise Products Partners in a report on Thursday, December 8th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, StockNews.com assumed coverage on shares of Enterprise Products Partners in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.
Insider Buying and Selling
In other news, CEO Aj Teague acquired 3,650 shares of Enterprise Products Partners stock in a transaction on Tuesday, December 27th. The stock was bought at an average price of $24.09 per share, for a total transaction of $87,928.50. Following the completion of the purchase, the chief executive officer now owns 2,337,775 shares in the company, valued at $56,316,999.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carin Marcy Barth bought 5,000 shares of the stock in a transaction on Tuesday, December 27th. The shares were bought at an average price of $23.99 per share, with a total value of $119,950.00. Following the completion of the acquisition, the director now owns 75,776 shares of the company’s stock, valued at $1,817,866.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aj Teague acquired 3,650 shares of Enterprise Products Partners stock in a transaction dated Tuesday, December 27th. The stock was bought at an average price of $24.09 per share, for a total transaction of $87,928.50. Following the completion of the transaction, the chief executive officer now directly owns 2,337,775 shares of the company’s stock, valued at $56,316,999.75. The disclosure for this purchase can be found here. Insiders acquired a total of 39,800 shares of company stock worth $955,819 over the last 90 days. 32.60% of the stock is owned by insiders.
Hedge Funds Weigh In On Enterprise Products Partners
Several large investors have recently added to or reduced their stakes in the business. Bray Capital Advisors grew its stake in Enterprise Products Partners by 333.3% during the 3rd quarter. Bray Capital Advisors now owns 1,300 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 1,000 shares in the last quarter. Fairfield Bush & CO. bought a new stake in shares of Enterprise Products Partners in the 1st quarter worth approximately $31,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Enterprise Products Partners in the 3rd quarter worth approximately $32,000. McIlrath & Eck LLC raised its stake in Enterprise Products Partners by 86.4% during the 3rd quarter. McIlrath & Eck LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 649 shares in the last quarter. Finally, RFP Financial Group LLC bought a new stake in Enterprise Products Partners during the 4th quarter valued at $34,000. 26.54% of the stock is currently owned by hedge funds and other institutional investors.
Enterprise Products Partners Stock Performance
Shares of EPD stock opened at $25.60 on Wednesday. The stock has a market capitalization of $55.69 billion, a P/E ratio of 11.03 and a beta of 1.11. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average is $24.75 and its 200 day moving average is $25.30. Enterprise Products Partners has a 12 month low of $22.75 and a 12 month high of $28.65.
Enterprise Products Partners (NYSE:EPD – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The oil and gas producer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $15.47 billion for the quarter, compared to analyst estimates of $13.85 billion. Enterprise Products Partners had a net margin of 9.12% and a return on equity of 19.59%. On average, sell-side analysts anticipate that Enterprise Products Partners will post 2.47 earnings per share for the current year.
Enterprise Products Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Monday, January 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.48. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.90%.
About Enterprise Products Partners
Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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