Thursday, 13 August, 2020


Enterprise Products Partners LP (EPD)- Stocks Making Notable Moves

Enterprise Products Partners’ 3Q17 Earnings Growth Enterprise Products Partners LP (EPD)- Stocks Making Notable Moves
Conrad Doyle | 28 October, 2017, 18:09

Bridges Investment Counsel Inc.'s holdings in Enterprise Products Partners L.P. were worth $301,000 as of its most recent SEC filing. It also increased its holding in Horizon Pharma Plc (NASDAQ:HZNP) by 5.62 million shares in the quarter, for a total of 15.31 million shares, and has risen its stake in Spirit Aerosystems Hldgs Inc (NYSE:SPR).

In the market the company is trading down by 0.32%% since yesterday's close of 25.33. 2,891,209 shares of the stock were exchanged.

A number of brokerages have recently weighed in on EPD.

Of the analysts surveyed by Reuters, 92% rated Enterprise Products Partners (EPD) as a "buy" and 8% rated the company as a "hold". Jefferies Group LLC cut their target price on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a buy rating for the company in a research note on Friday, September 1st. BidaskClub raised shares of Enterprise Products Partners L.P. from a "sell" rating to a "hold" rating in a research note on Thursday, July 6th. The original version of this story can be accessed at https://baseballnewssource.com/markets/enterprise-products-partners-l-p-epd-given-buy-rating-at-stifel-nicolaus/1729992.html. Meanwhile, the average 12-month price target from Wall Street analysts is now $31.96, this means that the stock is underpriced by 23.78%. It worsened, as 54 investors sold EPD shares while 250 reduced holdings. First Eagle Investment Management LLC acquired a new position in Enterprise Products Partners L.P. during the 2nd quarter worth approximately $130,000. About shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since October 27, 2016 and is downtrending. The hedge fund run by Charles Davidson held 2.47M shares of the natural gas distribution company at the end of 2017Q2, valued at $66.75 million, down from 3.05M at the end of the previous reported quarter. Beach Investment Counsel Inc. Tompkins Financial has invested 0.01% in Enterprise Products Partners L.P. (NYSE:EPD). Moreover, Baystate Wealth Mngmt Ltd Llc has 0.02% invested in Enterprise Products Partners L.P. (NYSE:EPD). Mosaic Family Wealth LLC now owns 73,035 shares of the oil and gas producer's stock worth $1,904,000 after buying an additional 2,198 shares during the last quarter. 827,543 are owned by Avalon Advsr Ltd Company. Fayez Sarofim & Co. boosted its position in shares of Enterprise Products Partners L.P.by 1.4% during the second quarter. The stock increased 0.90% or $0.22 during the last trading session, reaching $24.58. The company's 50 day moving average is $26.03 and its 200-day moving average is $26.62.

Enterprise Products Partners L.P. has a 52-week low of $23.84 and a 52-week high of $30.25. The stock has a market cap of $52.33 billion, a PE ratio of 19.17 and a beta of 0.90. Stifel Nicolaus maintained Enterprise Products Partners L.P. (NYSE:EPD) on Thursday, August 10 with "Buy" rating. (NYSE:EPD) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.33 by ($0.03). When it comes to net revenue, the average estimate from a total of 5 analysts is 6.57 billion - compared to $5.92 billion posted in the year-ago period. The business's revenue was up 17.6% on a year-over-year basis.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.31, compared to 0.3 reported in the same quarter past year. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st will be given a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.94%. Vetr upgraded Enterprise Products Partners L.P. from a "buy" rating to a "strong-buy" rating and set a $31.50 price objective on the stock in a research report on Monday, August 1st. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: "Baidu Inc (ADR) (BIDU) Stock Surging on Technology Advances" published on September 29, 2017 as well as Investorplace.com's news article titled: "3 Stocks to Watch on Friday: Baidu Inc (ADR) (BIDU), Gilead Sciences, Inc ..." with publication date: October 27, 2017. Enterprise Products Partners L.P.'s dividend payout ratio is 132.28%.

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