Enterprise Products Partners (NYSE:EPD) Shares Up 0.5%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) shot up 0.5% on Friday . The stock traded as high as $29.43 and last traded at $29.38. 1,105,857 shares traded hands during trading, a decline of 77% from the average session volume of 4,863,406 shares. The stock had previously closed at $29.22.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EPD. Royal Bank of Canada restated an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Mizuho restated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Truist Financial increased their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Finally, Wells Fargo & Company increased their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Trading Down 0.6 %

The company has a market cap of $62.99 billion, a PE ratio of 11.53 and a beta of 1.02. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average price of $28.14 and a 200 day moving average price of $27.22.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.62 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Institutional Trading of Enterprise Products Partners

Several large investors have recently modified their holdings of the company. Evanson Asset Management LLC grew its holdings in shares of Enterprise Products Partners by 16.8% in the first quarter. Evanson Asset Management LLC now owns 79,360 shares of the oil and gas producer’s stock worth $2,316,000 after acquiring an additional 11,423 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of Enterprise Products Partners by 15.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 92,503 shares of the oil and gas producer’s stock worth $2,699,000 after acquiring an additional 12,356 shares during the period. Charles Schwab Trust Co grew its holdings in shares of Enterprise Products Partners by 6.7% in the first quarter. Charles Schwab Trust Co now owns 69,900 shares of the oil and gas producer’s stock worth $2,040,000 after acquiring an additional 4,382 shares during the period. Miller Howard Investments Inc. NY grew its holdings in shares of Enterprise Products Partners by 2.2% in the first quarter. Miller Howard Investments Inc. NY now owns 3,220,815 shares of the oil and gas producer’s stock worth $93,983,000 after acquiring an additional 69,396 shares during the period. Finally, GP Brinson Investments LLC grew its holdings in shares of Enterprise Products Partners by 174.0% in the first quarter. GP Brinson Investments LLC now owns 743,733 shares of the oil and gas producer’s stock worth $21,702,000 after acquiring an additional 472,270 shares during the period. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Company Profile

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.