Enterprise Products Partners (NYSE:EPD) Shares Up 1.5%

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded up 1.5% during mid-day trading on Friday . The company traded as high as $28.91 and last traded at $28.87. 759,857 shares were traded during trading, a decline of 84% from the average session volume of 4,870,410 shares. The stock had previously closed at $28.44.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank increased their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 4th. Barclays increased their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, March 26th. Truist Financial increased their target price on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Wells Fargo & Company increased their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus increased their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $32.58.

Enterprise Products Partners Price Performance

The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 11.45 and a beta of 1.02. The company's 50 day moving average is $28.36 and its 200-day moving average is $27.26. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95.

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, beating the consensus estimate 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 business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same period last year, the business posted $0.65 EPS. Enterprise Products Partners's revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.14%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 81.75%.

Institutional Investors Weigh In On Enterprise Products Partners

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC lifted its position in Enterprise Products Partners by 89.9% during the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer's stock worth $7,630,000 after acquiring an additional 137,044 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in Enterprise Products Partners by 7.1% during the third quarter. Miller Howard Investments Inc. NY now owns 3,189,590 shares of the oil and gas producer's stock worth $87,299,000 after acquiring an additional 210,603 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in Enterprise Products Partners by 8.7% during the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer's stock worth $1,055,000 after acquiring an additional 3,075 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in Enterprise Products Partners during the fourth quarter worth approximately $7,542,000. Finally, Sapient Capital LLC acquired a new stake in Enterprise Products Partners during the fourth quarter worth approximately $3,271,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.