Enterprise Products Partners (NYSE:EPD) Stock Price Down 0.5%

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded down 0.5% on Monday . The stock traded as low as $28.34 and last traded at $28.41. 1,751,965 shares were traded during mid-day trading, a decline of 64% from the average session volume of 4,927,182 shares. The stock had previously closed at $28.55.

Wall Street Analyst Weigh In

Several research firms have weighed in on EPD. Barclays raised their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 26th. 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. Royal Bank of Canada reissued an "outperform" rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. 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. Finally, Wells Fargo & Company raised their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $32.58.

Enterprise Products Partners Price Performance

The stock has a market capitalization of $62.04 billion, a price-to-earnings ratio of 11.36 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 business has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $27.34.

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, topping analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $14.62 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business 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 dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.20%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 81.75%.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Accordant Advisory Group Inc acquired a new stake in Enterprise Products Partners during the 1st quarter valued at $26,000. Burkett Financial Services LLC acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $28,000. Stephens Consulting LLC acquired a new stake in Enterprise Products Partners during the 1st quarter valued at $29,000. Rational Advisors LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $43,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 26.07% of the company's stock.

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.