Is EPD a good stock to own?
Enterprise Products Partners's analyst rating consensus is a Strong Buy. This is based on the ratings of 12 Wall Streets Analysts.
EPD Signals & Forecast
Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Based on our forecasts, a long-term increase is expected, the "EPD" stock price prognosis for 2029-04-11 is 39.038 USD. With a 5-year investment, the revenue is expected to be around +35.38%. Your current $100 investment may be up to $135.38 in 2029.
Enterprise Product Partners has had a strong year-to-date with double-digit returns and a dividend yield of just over 7%. The company has a market capitalization of over $60 billion and a strong financial position with low debt and a 3.0x leverage ratio.
Enterprise Products Partners: 7.49% yield
Arguably the safest high-octane income stock in the energy space is Enterprise Products Partners (NYSE: EPD). Enterprise has increased its base annual distribution in each of the past 25 years and is currently yielding almost 7.5%.
AIM Investment Funds (Invesco Investment Funds) owns the most shares of Enterprise Products Partners (EPD).
EPD Dividend Information
EPD has an annual dividend of $2.06 per share, with a forward yield of 7.14%. The dividend is paid every three months and the next ex-dividend date is Apr 29, 2024.
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 28.04 | -1.67% |
| 2028 | $ 27.89 | -2.22% |
| 2029 | $ 27.73 | -2.76% |
| 2030 | $ 27.58 | -3.31% |
Total debt on the balance sheet as of December 2023 : $29.07 B. According to Enterprise Products's latest financial reports the company's total debt is $29.07 B. A company's total debt is the sum of all current and non-current debts.
Enterprise Products stock (symbol: EPD) underwent a total of 2 stock splits.
Why is EPD tax exempt?
Primarily, as Larry Edelson of EdelsonInstitute.com explains, the federal government doesn't tax an MLP's income and losses at the entity level. Instead, they are “passed through” to the shareholders (partners). Thus, a shareholder of EPD stock avoids the double taxation inherent among standard corporate equities.
Should you jump into Energy Transfer stock for the 9% dividend? With the exception of a global recession, the payout should remain stable, and likely for years to come. Just know that this is not a stock worth owning forever.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals.
Based on short-term price targets offered by 17 analysts, the average price target for Enterprise Products Partners comes to $32.47. The forecasts range from a low of $28.00 to a high of $36.00. The average price target represents an increase of 11.12% from the last closing price of $29.22.
On average, Wall Street analysts predict that Enterprise Products Partners's share price could reach $33.13 by Apr 5, 2025. The average Enterprise Products Partners stock price prediction forecasts a potential upside of 14.86% from the current EPD share price of $28.84.
| Market Cap (mil) | Fair Value | |
|---|---|---|
| a | ||
| EPD | 61,817 | 17.48 |
| ENB.TO | 100,052 | 72.82 |
| ET | 51,291 | 29.21 |
Enterprise Products Partners L.P. (NYSE: EPD) is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
- Enterprise Products Partners.
- Martin Resource Management.
- OQ Chemicals.
- EnLink Midstream.
- Gazprom.
- Spectra Energy Partners.
- Plains GP Holdings.
- TC Energy.
| Market Cap | 63.204B |
|---|---|
| PE Ratio (TTM) | 11.57 |
| EPS (TTM) | 2.52 |
| Earnings Date | Apr 30, 2024 - May 06, 2024 |
| Forward Dividend & Yield | 2.06 (7.07%) |
| Stock | Dividend yield |
|---|---|
| Pfizer Inc. (PFE) | 6.6% |
| Coca-Cola Co. (KO) | 3.3% |
| Johnson & Johnson (JNJ) | 3.4% |
| Prologis Inc. (PLD) | 3.7% |
What is the average annual return for EPD?
Returns By Period
Enterprise Products Partners L.P. had a return of 10.26% year-to-date (YTD) and 13.89% in the last 12 months.
According to Enterprise Products's latest financial reports and stock price the company's current number of shares outstanding is 2,171,879,003.
Energy Transfer stock price stood at $15.77
According to the latest long-term forecast, Energy Transfer price will hit $17 by the middle of 2024 and then $20 by the end of 2025. Energy Transfer will rise to $25 within the year of 2027, $30 in 2029, $35 in 2032 and $40 in 2035.
We created three forecast scenarios for Nvidia's potential price, each with a different annual growth rate: 5% yearly growth, historical S&P 500 ROI (11.1%), and historical Nasdaq-100 ROI (15.2%). Based on these scenarios, the stock prices forecast for 2040 range between $2,038 and $9,854.
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