Enterprise Products Partners (NYSE:EPD) Shares Up 0.2%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) were up 0.2% during trading on Monday . The company traded as high as $28.31 and last traded at $28.16. Approximately 753,408 shares changed hands during trading, a decline of 85% from the average daily volume of 4,948,106 shares. The stock had previously closed at $28.10.

Analyst Upgrades and Downgrades

EPD has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Scotiabank lifted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Truist Financial increased their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Mizuho restated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Wells Fargo & Company lifted their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $32.75.

Enterprise Products Partners Trading Up 0.2 %

The firm has a market capitalization of $61.59 billion, a PE ratio of 11.14 and a beta of 1.02. The company’s 50-day moving average price is $28.68 and its 200-day moving average price is $27.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s payout ratio is 80.78%.

Institutional Investors Weigh In On Enterprise Products Partners

Several hedge funds and other institutional investors have recently bought and sold shares of EPD. Hazlett Burt & Watson Inc. increased its position in shares of Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 371 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Enterprise Products Partners by 3.3% in 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 valued at $328,000 after acquiring an additional 386 shares during the period. Ellsworth Advisors LLC grew its position in shares of Enterprise Products Partners by 1.9% during the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after acquiring an additional 393 shares during the last quarter. Register Financial Advisors LLC increased its holdings in shares of Enterprise Products Partners by 2.3% in the 4th quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock valued at $456,000 after acquiring an additional 397 shares during the period. Finally, Your Advocates Ltd. LLP raised its position in Enterprise Products Partners by 1.9% in the 3rd quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock valued at $615,000 after purchasing an additional 412 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.