Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price rose 0.8% during trading on Thursday . The stock traded as high as $30.85 and last traded at $30.55. Approximately 814,471 shares were traded during trading, a decline of 81% from the average daily volume of 4,365,311 shares. The stock had previously closed at $30.32.
Analysts Set New Price Targets
EPD has been the topic of several research analyst reports. Morgan Stanley upped their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, 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 research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.89.
Read Our Latest Report on EPD
Enterprise Products Partners Trading Up 0.9%
The stock has a market capitalization of $67.99 billion, a PE ratio of 11.67, a P/E/G ratio of 1.37 and a beta of 0.67. The firm has a 50 day moving average price of $31.77 and a 200 day moving average price of $32.05. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.82%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.
Institutional Trading of Enterprise Products Partners
Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its position in shares of Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after acquiring an additional 1,326,010 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Enterprise Products Partners by 16.2% during the third quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer's stock valued at $4,628,000 after acquiring an additional 21,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Enterprise Products Partners by 6.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,022,342 shares of the oil and gas producer's stock valued at $29,760,000 after acquiring an additional 60,953 shares during the last quarter. Brookstone Capital Management increased its position in shares of Enterprise Products Partners by 50.3% during the fourth quarter. Brookstone Capital Management now owns 40,932 shares of the oil and gas producer's stock valued at $1,284,000 after acquiring an additional 13,698 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter valued at approximately $56,000. 26.07% of the stock is owned by hedge funds and other 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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