Enterprise Products Partners (NYSE:EPD) Trading Down 0.3%

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares dropped 0.3% on Tuesday . The stock traded as low as $28.86 and last traded at $28.92. Approximately 2,226,151 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 4,868,533 shares. The stock had previously closed at $29.00.

Wall Street Analyst Weigh In

EPD has been the topic of several analyst reports. Barclays increased their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, March 26th. Scotiabank increased 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 increased their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Royal Bank of Canada reissued an "outperform" rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. Finally, Mizuho reissued a "buy" rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $32.58.

Enterprise Products Partners Trading Down 0.3 %

The firm has a market cap of $62.67 billion, a P/E ratio of 11.47 and a beta of 1.02. The business's 50-day moving average is $28.46 and its two-hundred day moving average is $27.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 81.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Milestone Asset Management LLC bought a new position in shares of Enterprise Products Partners in the 1st quarter valued at about $529,000. Covenant Asset Management LLC grew its position in shares of Enterprise Products Partners by 2.1% in the 1st quarter. Covenant Asset Management LLC now owns 67,229 shares of the oil and gas producer's stock valued at $1,962,000 after acquiring an additional 1,365 shares during the period. Sweet Financial Partners LLC grew its position in shares of Enterprise Products Partners by 2.1% in the 1st quarter. Sweet Financial Partners LLC now owns 41,564 shares of the oil and gas producer's stock valued at $1,213,000 after acquiring an additional 839 shares during the period. Satovsky Asset Management LLC acquired a new stake in shares of Enterprise Products Partners during the 1st quarter worth about $207,000. Finally, Sage Mountain Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the 1st quarter worth about $788,000. Institutional investors own 26.07% of the company's stock.

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.