Enterprise Products Partners (NYSE:EPD) Trading 1.2% Higher - Still a Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares traded up 1.2% during mid-day trading on Tuesday . The company traded as high as $32.03 and last traded at $31.79. 1,454,820 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 4,366,659 shares. The stock had previously closed at $31.40.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Morgan Stanley raised their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. 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. Finally, Scotiabank increased 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. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Stock Up 1.5%

The business's fifty day moving average is $31.73 and its two-hundred day moving average is $32.07. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $69.02 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (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 net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.71%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is 80.15%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Providence Capital Advisors LLC acquired a new position in Enterprise Products Partners during the first quarter worth approximately $1,366,000. Boston Partners increased its position in Enterprise Products Partners by 5.9% during the first quarter. Boston Partners now owns 175,903 shares of the oil and gas producer's stock worth $6,005,000 after buying an additional 9,853 shares during the period. HRC Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners during the first quarter worth approximately $207,000. MSH Capital Advisors LLC raised its stake in shares of Enterprise Products Partners by 12.1% during the first quarter. MSH Capital Advisors LLC now owns 22,617 shares of the oil and gas producer's stock worth $772,000 after purchasing an additional 2,449 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in shares of Enterprise Products Partners during the first quarter worth approximately $174,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.