Enterprise Products Partners (NYSE:EPD) Trading Up 1.1% - Still a Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) was up 1.1% during mid-day trading on Friday . The company traded as high as $31.03 and last traded at $30.97. Approximately 677,238 shares were traded during trading, a decline of 84% from the average daily volume of 4,365,327 shares. The stock had previously closed at $30.64.

Analyst Ratings Changes

EPD has been the subject of several recent research reports. Scotiabank boosted their price target 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. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Morgan Stanley lifted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Finally, Citigroup decreased their price target on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday. Four 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Stock Up 1.1%

The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $68.78 billion, a P/E ratio of 11.81, a PEG ratio of 1.37 and a beta of 0.67. The stock has a 50 day moving average price of $31.73 and a 200 day moving average price of $32.07.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced 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 6.74%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 80.15%.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors have recently modified their holdings of EPD. Trust Co. of Vermont lifted its position in Enterprise Products Partners by 10.0% during the fourth quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after purchasing an additional 300 shares during the period. Griffin Asset Management Inc. raised its stake in Enterprise Products Partners by 0.8% during the 4th quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock worth $1,203,000 after acquiring an additional 305 shares during the period. Evanson Asset Management LLC boosted its holdings in Enterprise Products Partners by 0.4% in the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock worth $2,304,000 after buying an additional 306 shares during the period. Smartleaf Asset Management LLC boosted its stake in Enterprise Products Partners by 14.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 308 shares during the period. Finally, Sandbox Financial Partners LLC lifted its stake in Enterprise Products Partners by 3.2% in the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock worth $317,000 after purchasing an additional 309 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

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.