The Enterprise Products Partners L.P. (EPD) Downgraded by Vetr Inc.

The Enterprise Products Partners L.P. (EPD) Downgraded by Vetr Inc.

Vetr downgraded shares of Enterprise Products Partners L.P. (NYSE:EPD) from a strong-buy rating to a buy rating in a research report sent to investors on Monday. Vetr currently has $30.72 price target on the stock.

A number of other equities research analysts also recently issued reports on EPD. Royal Bank Of Canada reaffirmed an outperform rating and set a $34.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Wunderlich reduced their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a buy rating on the stock in a research note on Wednesday, August 31st. Mizuho started coverage on shares of Enterprise Products Partners L.P. in a research note on Thursday, September 29th. They issued a buy rating and a $32.00 target price on the stock. Credit Suisse Group AG reissued a hold rating on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Finally, Deutsche Bank AG reduced their target price on shares of Enterprise Products Partners L.P. from $34.00 to $32.00 and set a buy rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $31.99.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.23 on Monday. The stock has a market cap of $56.95 billion, a PE ratio of 21.75 and a beta of 0.93. The company has a 50-day moving average of $26.88 and a 200-day moving average of $27.15. Enterprise Products Partners L.P. has a 12 month low of $19.00 and a 12 month high of $30.11.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.04. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. Enterprise Products Partners L.P.’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Monday, October 31st will be issued a $0.405 dividend. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Thursday, October 27th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 128.00%.

Institutional investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. raised its position in shares of Enterprise Products Partners L.P. by 94.3% in the second quarter. Johnson Financial Group Inc. now owns 3,621 shares of the company’s stock valued at $106,000 after buying an additional 1,757 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Enterprise Products Partners L.P. during the second quarter valued at approximately $116,000. Hanson McClain Inc. raised its position in shares of Enterprise Products Partners L.P. by 52.9% in the second quarter. Hanson McClain Inc. now owns 3,970 shares of the company’s stock valued at $116,000 after buying an additional 1,374 shares during the last quarter. Baker Ellis Asset Management LLC bought a new position in shares of Enterprise Products Partners L.P. during the second quarter valued at approximately $117,000. Finally, Kelman Lazarov Inc. raised its position in shares of Enterprise Products Partners L.P. by 34.1% in the second quarter. Kelman Lazarov Inc. now owns 4,134 shares of the company’s stock valued at $120,000 after buying an additional 1,052 shares during the last quarter. 35.68% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Related posts

Leave a Comment