Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares were up 0.1% during mid-day trading on Thursday . The company traded as high as $29.30 and last traded at $29.19. Approximately 1,495,063 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 4,874,278 shares. The stock had previously closed at $29.15.
Analysts Set New Price Targets
Several brokerages have weighed in on EPD. Royal Bank of Canada reaffirmed an "outperform" rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Scotiabank boosted their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 4th. Wells Fargo & Company boosted their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. StockNews.com upgraded shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Finally, Mizuho restated a "buy" rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $32.58.
Read Our Latest Stock Analysis on Enterprise Products Partners
Enterprise Products Partners Trading Up 0.2 %
The stock's 50 day moving average is $28.04 and its two-hundred day moving average is $27.20. The company has a market capitalization of $63.33 billion, a PE ratio of 11.58 and a beta of 1.02. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $12.43 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.62 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's payout ratio is 81.75%.
Institutional Trading of Enterprise Products Partners
Several hedge funds have recently modified their holdings of the company. Douglas Lane & Associates LLC increased its holdings in Enterprise Products Partners by 27.4% in the 1st quarter. Douglas Lane & Associates LLC now owns 19,604 shares of the oil and gas producer's stock worth $572,000 after buying an additional 4,216 shares during the period. Matthew Goff Investment Advisor LLC purchased a new position in Enterprise Products Partners in the 1st quarter valued at $214,000. Sanders Morris Harris LLC lifted its holdings in Enterprise Products Partners by 6,126.0% in the 1st quarter. Sanders Morris Harris LLC now owns 548,888 shares of the oil and gas producer's stock valued at $16,017,000 after purchasing an additional 540,072 shares in the last quarter. Cadent Capital Advisors LLC purchased a new position in Enterprise Products Partners in the 1st quarter valued at $223,000. Finally, Inscription Capital LLC lifted its holdings in Enterprise Products Partners by 96.0% in the 1st quarter. Inscription Capital LLC now owns 619,622 shares of the oil and gas producer's stock valued at $18,130,000 after purchasing an additional 303,458 shares in the last quarter. 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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