Enterprise Products Partners (NYSE:EPD) Trading 1.3% Higher – Time to Buy?

Enterprise Products Partners L.P. (NYSE:EPD) rose 1.3% on Tuesday . The company traded as high as $39.41 and last traded at $39.32. 2,293,764 shares traded hands during trading, a decline of 43% from the average daily volume of 4,009,392 shares. The stock had previously closed at $38.82.

Enterprise Products Partners News Roundup

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

• Positive Sentiment: Momentum and valuation support: Zacks identified EPD as a potential long-term momentum stock, highlighting its appeal across value, growth, and momentum strategies. The positive technical and fundamental setup may be attracting investors. Why Enterprise Products Partners Is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Permian expansion improves growth visibility: Planned processing and fractionation expansions in the Permian Basin are expected to accommodate rising volumes, increase capacity, and support stable fee-based cash flows over the long term. Rising Permian Volumes and Expansions Support EPD’s Growth Outlook
• Positive Sentiment: Attractive dividend and earnings momentum: Recent analysis characterized EPD as a long-term dividend powerhouse, supported by its history of maintaining distributions, solid earnings momentum, yield, and technical strength. Its latest reported quarter also exceeded consensus EPS and revenue estimates, reinforcing investor confidence. Enterprise Products Partners: Solid Earnings Momentum and Yield, With Technical Strength
• Positive Sentiment: Favorable midstream backdrop: Industry coverage points to higher full-year guidance across midstream companies and an accelerating natural-gas infrastructure buildout, which could benefit EPD’s pipeline, processing, and export assets. Midstream Scales Up Natural Gas Infrastructure
• Neutral Sentiment: Articles promoting high-yield energy investments and alternatives to the Alerian MLP ETF reinforce investor interest in pipeline income stocks, but they do not represent a specific new catalyst for EPD. 4 Dividend Stocks Yielding Over 6% That Should Be in Every Roth
• Negative Sentiment: Wall Street Zen lowered its rating on EPD, creating a minor sentiment headwind and highlighting that some analysts remain cautious despite the partnership’s income and growth appeal. Enterprise Products Partners Stock Rating Lowered by Wall Street Zen

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EPD shares. TD Cowen reiterated a “hold” rating and issued a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a report on Monday, August 3rd. Wall Street Zen cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $38.00 target price on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Truist Financial upped their target price on Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Enterprise Products Partners Price Performance

The company’s 50-day simple moving average is $37.94 and its 200 day simple moving average is $37.70. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $84.91 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.28 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.The company’s revenue was up 60.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities research analysts forecast that Enterprise Products Partners L.P. will post 3.03 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.56 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.24 dividend on an annualized basis and a yield of 5.7%. Enterprise Products Partners’s payout ratio is 77.78%.

Institutional Investors Weigh In On Enterprise Products Partners

Several hedge funds and other institutional investors have recently modified their holdings of EPD. Brighton Jones LLC boosted its holdings in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 5,425 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Enterprise Products Partners by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer’s stock worth $1,827,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC raised its position in shares of Enterprise Products Partners by 6.2% during the second quarter. Geode Capital Management LLC now owns 63,702 shares of the oil and gas producer’s stock valued at $1,975,000 after buying an additional 3,742 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Enterprise Products Partners by 6.1% during the second quarter. Guggenheim Capital LLC now owns 27,301 shares of the oil and gas producer’s stock valued at $847,000 after buying an additional 1,578 shares during the last quarter. Finally, Glenview Trust co lifted its stake in shares of Enterprise Products Partners by 315.8% in the second quarter. Glenview Trust co now owns 33,648 shares of the oil and gas producer’s stock valued at $1,043,000 after buying an additional 25,555 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.