Enterprise Products Partners (NYSE:EPD) Trading 0.5% Higher

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price was up 0.5% on Friday . The stock traded as high as $29.43 and last traded at $29.38. Approximately 1,105,857 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 4,863,406 shares. The stock had previously closed at $29.22.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho reaffirmed a "buy" rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Barclays lifted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday, March 26th. StockNews.com raised shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Stifel Nicolaus lifted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of "Buy" and an average price target of $32.58.

Enterprise Products Partners Stock Down 0.5 %

The stock has a market cap of $63.01 billion, a price-to-earnings ratio of 11.57 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. The stock has a fifty day moving average of $28.09 and a two-hundred day moving average of $27.21.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business had revenue of $14.62 billion during the quarter, compared to analysts' expectations of $12.43 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.62 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners's dividend payout ratio is presently 81.75%.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently added to or reduced their stakes in EPD. Miller Howard Investments Inc. NY raised its holdings in Enterprise Products Partners by 2.2% in the first quarter. Miller Howard Investments Inc. NY now owns 3,220,815 shares of the oil and gas producer's stock valued at $93,983,000 after acquiring an additional 69,396 shares in the last quarter. GP Brinson Investments LLC grew its holdings in shares of Enterprise Products Partners by 174.0% during the first quarter. GP Brinson Investments LLC now owns 743,733 shares of the oil and gas producer's stock valued at $21,702,000 after purchasing an additional 472,270 shares during the last quarter. True North Advisors LLC bought a new stake in shares of Enterprise Products Partners in the 1st quarter worth approximately $3,212,000. Douglas Lane & Associates LLC boosted its position in Enterprise Products Partners by 27.4% during the 1st quarter. Douglas Lane & Associates LLC now owns 19,604 shares of the oil and gas producer's stock valued at $572,000 after purchasing an additional 4,216 shares during the period. Finally, Matthew Goff Investment Advisor LLC acquired a new stake in Enterprise Products Partners in the first quarter worth $214,000. 26.07% of the stock is owned by hedge funds and other 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.