EPD has been the topic of a number of other research reports. Credit Suisse Group assumed coverage on Enterprise Products Partners in a research note on Thursday, January 4th. They set an outperform rating and a $31.00 price objective on the stock. Tudor Pickering raised Enterprise Products Partners from a hold rating to a buy rating in a research note on Wednesday, December 13th. UBS Group reaffirmed a buy rating and issued a $34.00 price target (down previously from $36.00) on shares of Enterprise Products Partners in a research note on Friday, March 2nd. Jefferies Group reaffirmed a buy rating and issued a $31.00 price target on shares of Enterprise Products Partners in a research note on Friday, January 12th. Finally, Bank of America assumed coverage on Enterprise Products Partners in a research note on Tuesday, January 9th. They issued a buy rating on the stock. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $31.33.
Enterprise Products Partners (NYSE:EPD) opened at $26.03 on Friday. The firm has a market capitalization of $56,250.00, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.70. Enterprise Products Partners has a 12 month low of $23.59 and a 12 month high of $29.51.
In other news, CEO Aj Teague bought 11,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were purchased at an average price of $26.47 per share, with a total value of $299,111.00. Following the purchase, the chief executive officer now owns 1,474,183 shares in the company, valued at $39,021,624.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of EPD. Jennison Associates LLC lifted its stake in Enterprise Products Partners by 22.8% during the 3rd quarter. Jennison Associates LLC now owns 808,607 shares of the oil and gas producer’s stock worth $21,080,000 after acquiring an additional 150,302 shares in the last quarter. Sei Investments Co. lifted its stake in Enterprise Products Partners by 12.1% during the 3rd quarter. Sei Investments Co. now owns 816,325 shares of the oil and gas producer’s stock worth $21,282,000 after acquiring an additional 88,310 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Enterprise Products Partners by 12.0% during the 3rd quarter. CIBC Asset Management Inc now owns 71,466 shares of the oil and gas producer’s stock worth $1,863,000 after acquiring an additional 7,637 shares in the last quarter. AllSquare Wealth Management LLC acquired a new position in Enterprise Products Partners during the 3rd quarter worth about $282,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Enterprise Products Partners by 2.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 112,910 shares of the oil and gas producer’s stock worth $2,944,000 after acquiring an additional 2,970 shares in the last quarter. 36.35% of the stock is currently owned by hedge funds and other institutional investors.
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Enterprise Products Partners 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.
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