Enterprise Products Partners (NYSE:EPD) Trading Up 0.6% - Still a Buy?

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) rose 0.6% during trading on Thursday . The stock traded as high as $30.14 and last traded at $30.09. Approximately 1,195,566 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 4,362,513 shares. The stock had previously closed at $29.90.

Analyst Ratings Changes

EPD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Scotiabank raised their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. StockNews.com downgraded shares of Enterprise Products Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Stock Up 0.1 %

The company has a market capitalization of $65.02 billion, a PE ratio of 11.16, a P/E/G ratio of 1.37 and a beta of 0.67. The stock's fifty day moving average is $31.94 and its two-hundred day moving average is $32.00. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.

Hedge Funds Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPD. Rosenberg Matthew Hamilton raised its holdings in Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 656 shares during the period. Security National Bank purchased a new position in shares of Enterprise Products Partners in the first quarter valued at $30,000. Alpine Bank Wealth Management bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at $31,000. Tidemark LLC lifted its holdings in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth about $29,000. 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.