Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price traded up 2% on Tuesday . The company traded as high as $31.19 and last traded at $30.92. 1,097,131 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 4,373,491 shares. The stock had previously closed at $30.32.
Analyst Ratings Changes
Several equities research analysts have recently commented on EPD shares. JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Barclays raised their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Scotiabank upped their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Finally, Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.89.
Read Our Latest Analysis on Enterprise Products Partners
Enterprise Products Partners Price Performance
The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The firm has a market cap of $67.25 billion, a PE ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.78. The business's fifty day moving average is $32.61 and its 200-day moving average is $31.88.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.
Enterprise Products Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a $0.535 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.89%. Enterprise Products Partners's dividend payout ratio is currently 79.55%.
Institutional Investors Weigh In On Enterprise Products Partners
Several hedge funds and other institutional investors have recently modified their holdings of EPD. Verity & Verity LLC increased its holdings in Enterprise Products Partners by 30.8% during the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock worth $3,470,000 after acquiring an additional 26,032 shares during the period. Spinnaker Trust purchased a new position in shares of Enterprise Products Partners during the 4th quarter valued at $280,000. FourThought Financial Partners LLC increased its holdings in shares of Enterprise Products Partners by 18.5% in the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after purchasing an additional 21,970 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of Enterprise Products Partners by 61.7% in the third quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock worth $3,954,000 after buying an additional 51,809 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Enterprise Products Partners by 7.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock valued at $9,726,000 after buying an additional 21,192 shares during the period. 26.07% of the stock is currently owned by institutional investors.
About Enterprise Products Partners
(
Get Free Report)
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.
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