Enterprise Products Partners (NYSE:EPD) Trading Up 1.5%

Enterprise Products Partners L.P. (NYSE:EPD)’s share price was up 1.5% during mid-day trading on Friday . The stock traded as high as $28.91 and last traded at $28.87. Approximately 759,857 shares were traded during trading, a decline of 84% from the average daily volume of 4,870,410 shares. The stock had previously closed at $28.44.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EPD shares. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. Wells Fargo & Company raised their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Scotiabank raised their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. Finally, Mizuho reissued a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Trading Up 1.4 %

The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The company’s fifty day moving average price is $28.36 and its two-hundred day moving average price is $27.26. The firm has a market cap of $62.53 billion, a PE ratio of 11.44 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm 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 earned $0.65 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.63 earnings per share 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 paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.75%.

Institutional Trading of Enterprise Products Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. lifted its stake in shares of Enterprise Products Partners by 8.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 371 shares during the period. Ellsworth Advisors LLC raised its position in Enterprise Products Partners by 1.9% during the third quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 380 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Enterprise Products Partners by 3.3% during the third 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 acquiring an additional 386 shares during the last quarter. Register Financial Advisors LLC raised its position in Enterprise Products Partners by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after acquiring an additional 397 shares during the last quarter. Finally, Your Advocates Ltd. LLP raised its position in Enterprise Products Partners by 1.9% during the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock worth $615,000 after acquiring an additional 412 shares during the last quarter. Institutional investors and hedge funds 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.