Is EPD dividend sustainable?
As of 2023-09-30, Enterprise Products Partners LP's dividend payout ratio is 0.79, which may suggest that the company's dividend may not be sustainable. Enterprise Products Partners LP's profitability rank, offers an understanding of the company's earnings prowess relative to its peers.
With a current annualized yield of 7.2%, Enterprise Products stands out as a top dividend stock, far surpassing the 1.3% average of the S&P 500.
Enterprise Products Partners continues to demonstrate the durability of its distribution. Enterprise Products Partners (EPD 0.21%) has been one of the most durable income stocks in the energy sector over the years.
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 16.19% from the current EPD share price of $28.51.
EPD boasts an average earnings surprise of 1%. With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding EPD to their portfolios.
Key Points. Enterprise Products Partners is a master limited partnership. Units are a bargain today. This is a high-yield investment for any long-term investor.
EPD is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.36, which compares to its industry's average of 11.96. Over the last 12 months, EPD's Forward P/E has been as high as 10.88 and as low as 9.69, with a median of 10.21.
27 years of consecutive dividend increase. 6.99% forward dividend yield. Top 15%.
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.
Enterprise Products Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Who owns the most EPD stock?
AIM Investment Funds (Invesco Investment Funds) owns the most shares of Enterprise Products Partners (EPD).
EDP Energias de Portugal's analyst rating consensus is a Strong Buy.
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.
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 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.
EPD($63.7B) has a higher market cap than ET($53B). ET has higher P/E ratio than EPD: ET (14.39) vs EPD (11.65). ET YTD gains are higher at: 16.848 vs.
ENB - Performance Comparison. In the year-to-date period, EPD achieves a 9.80% return, which is significantly higher than ENB's -4.92% return. Over the past 10 years, EPD has outperformed ENB with an annualized return of 4.25%, while ENB has yielded a comparatively lower 2.20% annualized return.
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.
Enterprise Products Partners has a total shareholder equity of $28.8B and total debt of $28.8B, which brings its debt-to-equity ratio to 99.9%. Its total assets and total liabilities are $71.0B and $42.2B respectively. Enterprise Products Partners's EBIT is $6.5B making its interest coverage ratio 5.2.
According to Enterprise Products's latest financial reports and stock price the company's current number of shares outstanding is 2,171,879,003.
What is EPD payout ratio?
: 0.69 (As of Dec. 2023)
The partnership's assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
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.
The average price target for Exelon is $39.18. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $45.00 ,the lowest forecast is $36.00.
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%.
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