Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) were down 0.7% during mid-day trading on Tuesday . The stock traded as low as $28.24 and last traded at $28.31. Approximately 1,641,362 shares changed hands during trading, a decline of 66% from the average daily volume of 4,897,837 shares. The stock had previously closed at $28.51.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on EPD shares. StockNews.com raised Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Stifel Nicolaus raised their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Scotiabank raised their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a research report on Thursday, April 4th. Truist Financial raised their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Finally, Wells Fargo & Company lifted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Buy" and a consensus price target of $32.58.
Get Our Latest Research Report on EPD
Enterprise Products Partners Stock Performance
The stock has a 50 day simple moving average of $28.18 and a 200 day simple moving average of $27.23. The company has a market cap of $61.49 billion, a price-to-earnings ratio of 11.25 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 issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $14.62 billion for the quarter, compared to analysts' expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.62 EPS for the current year.
Enterprise Products Partners Dividend Announcement
The firm also recently declared 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. This represents a $2.06 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners's dividend payout ratio (DPR) is 81.75%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Miller Howard Investments Inc. NY lifted its stake in shares of Enterprise Products Partners by 7.1% in 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 in the last quarter. Kingsview Wealth Management LLC increased its holdings in Enterprise Products Partners by 8.7% in the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer's stock valued at $1,055,000 after buying an additional 3,075 shares during the last quarter. Cerity Partners LLC increased its holdings in Enterprise Products Partners by 89.9% in the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer's stock valued at $7,630,000 after buying an additional 137,044 shares during the last quarter. Sapient Capital LLC bought a new stake in Enterprise Products Partners in the fourth quarter valued at about $3,271,000. Finally, Cullen Investment Group LTD. bought a new stake in Enterprise Products Partners in the fourth quarter valued at about $7,542,000. Institutional investors and hedge funds own 26.07% of the company's stock.
Enterprise Products Partners Company Profile
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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.
Further Reading
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