Enterprise Products (EPD) boasts a stable business model and is not significantly exposed to the volatility in oil and gas prices.
Investors looking for stocks in the Oil and Gas - Production Pipeline - MLB sector might want to consider either Enterprise Products Partners (EPD) or Oneok Inc. (OKE). But which of these two companies is the best option for those looking for undervalued stocks?
Zacks.com users have recently been watching Enterprise Products (EPD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Imagine an investment that not only offers growth but also yields a stable, 7%+ dividend. Enterprise Products Partners LP NYSE: EPD is the only stock with an "A" rating from Standard & Poor's that offers such a lucrative yield.
Imagine an investment that not only offers growth but also yields a stable, 7%+ dividend. Enterprise Products Partners LP NYSE: EPD is the only stock with an "A" rating from Standard & Poor's that offers such a lucrative yield.
Western Midstream has one of the highest yields in the industry after increasing its distribution by over 50%. Enterprise Products Partners has one of the strongest track records in the industry.
Meridian Wealth Management LLC lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 50.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,989 shares of the oil and gas producer’s stock after selling 11,075 shares during the period. Meridian Wealth Management LLC’s holdings in Enterprise Products Partners were worth $290,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Enterprise Products Partners by 3.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 386 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Enterprise Products Partners by 6.8% during the 3rd quarter. Private Advisor Group LLC now owns 303,748 shares of the oil and gas producer’s stock worth $8,314,000 after acquiring an additional 19,425 shares during the period. SageView Advisory Group LLC boosted its position in shares of Enterprise Products Partners by 5.7% during the 3rd quarter. SageView Advisory Group LLC now owns 35,118 shares of the oil and gas producer’s stock worth $961,000 after acquiring an additional 1,901 shares in the last quarter. Sovereign Financial Group Inc. bought a new position in Enterprise Products Partners in the third quarter valued at approximately $242,000. Finally, Colonial River Wealth Management LLC raised its position in Enterprise Products Partners by 16.7% during the third quarter. Colonial River Wealth Management LLC now owns 14,421 shares of the oil and gas producer’s stock valued at $395,000 after purchasing an additional 2,062 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock. Enterprise Products Partners Stock Down 0.2 % Enterprise Products Partners stock opened at $28.56 on Monday. Enterprise Products Partners L.P. has a 52-week low of $25.19 and a 52-week high of $29.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a 50 day moving average price of $28.83 and a two-hundred day moving average price of $27.46. The firm has a market cap of $62.02 billion, a price-to-earnings ratio of 11.20 and a beta of 1.02. Enterprise Products Partners (NYSE:EPD – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. Equities analysts predict that Enterprise Products Partners L.P. will post 2.7 EPS for the current year. Enterprise Products Partners Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.21%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 80.78%. Analysts Set New Price Targets Several brokerages have recently issued reports on EPD. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Friday, April 5th. Mizuho restated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research note on Thursday, April 4th. StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Truist Financial raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.69. Get Our Latest Stock Analysis on Enterprise Products Partners About Enterprise Products Partners (Free Report) Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
These three stocks offer yields ranging from 5.8% to 7.2%. All three are attractively valued with relatively low forward earnings multiples.