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

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

Analysts Set New Price Targets

Several analysts have commented on EPD shares. StockNews.com upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday. Scotiabank upped their price objective on shares of 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. Morgan Stanley increased their price objective on shares of 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. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, Barclays lifted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Stock Up 1.5 %

The stock has a fifty day moving average price of $31.77 and a two-hundred day moving average price of $32.03. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The firm has a market capitalization of $67.35 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.37 and a beta of 0.67.

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 the consensus estimate of $0.69 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. Research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $0.535 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.88%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EPD. Chicago Partners Investment Group LLC increased its holdings in shares of Enterprise Products Partners by 0.7% in the first quarter. Chicago Partners Investment Group LLC now owns 2,002,619 shares of the oil and gas producer's stock valued at $68,369,000 after purchasing an additional 14,336 shares during the last quarter. Elgethun Capital Management lifted its holdings in Enterprise Products Partners by 0.7% in the 1st quarter. Elgethun Capital Management now owns 101,630 shares of the oil and gas producer's stock worth $3,470,000 after buying an additional 720 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Enterprise Products Partners by 2.6% in the first quarter. Citizens Financial Group Inc. RI now owns 15,798 shares of the oil and gas producer's stock valued at $539,000 after acquiring an additional 399 shares during the period. Wealthspire Advisors LLC raised its stake in shares of Enterprise Products Partners by 138.8% in the 1st quarter. Wealthspire Advisors LLC now owns 84,382 shares of the oil and gas producer's stock worth $2,881,000 after buying an additional 49,046 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of Enterprise Products Partners by 53.1% during the 1st quarter. Thoroughbred Financial Services LLC now owns 24,036 shares of the oil and gas producer's stock valued at $820,000 after acquiring an additional 8,335 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

About Enterprise Products Partners

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.