Enterprise Products Partners (NYSE:EPD) Announces Earnings Results

Enterprise Products Partners (NYSE:EPD - Get Free Report) announced its quarterly earnings results on Monday. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01), FiscalAI reports. The company had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $12.72 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.

Enterprise Products Partners Price Performance

Shares of EPD stock opened at $38.30 on Tuesday. The firm has a market cap of $82.80 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.45 and a beta of 0.55. Enterprise Products Partners has a fifty-two week low of $29.66 and a fifty-two week high of $39.74. The business's 50 day moving average price is $37.37 and its 200-day moving average price is $34.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Thursday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 82.71%.

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, CEO Aj Teague acquired 2,665 shares of the business's stock in a transaction dated Friday, March 20th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the transaction, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 32.60% of the company's stock.

Institutional Investors Weigh In On Enterprise Products Partners

Large investors have recently made changes to their positions in the business. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners in the 3rd quarter worth approximately $31,000. Kestra Investment Management LLC bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $48,000. State of Wyoming bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $54,000. Prosperity Bancshares Inc bought a new stake in shares of Enterprise Products Partners during the fourth quarter valued at approximately $77,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter valued at approximately $81,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on EPD. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Monday, April 6th. Wells Fargo & Company raised Enterprise Products Partners from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $40.00 to $42.00 in a research note on Wednesday, March 25th. Barclays lifted their price target on Enterprise Products Partners from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Citigroup reaffirmed a "buy" rating and issued a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their price target on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a "hold" rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus price target of $38.27.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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