Enterprise Products Partners (NYSE:EPD) Stock Price Down 0.8%

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price was down 0.8% during trading on Wednesday . The company traded as low as $27.83 and last traded at $27.86. Approximately 1,571,400 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 4,962,457 shares. The stock had previously closed at $28.08.

Analyst Ratings Changes

EPD has been the topic of a number of research reports. Stifel Nicolaus upped their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Barclays upped their target price on shares of 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 upped their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday. Mizuho reiterated a "buy" rating and set a $34.00 target price on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Finally, Scotiabank upped 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 research report on Thursday, April 4th. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $32.75.

Enterprise Products Partners Price Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The stock has a market cap of $60.17 billion, a P/E ratio of 11.01 and a beta of 1.02. The company's 50 day simple moving average is $28.63 and its 200 day simple moving average is $27.35.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm's revenue was up 18.6% compared to the same quarter last year. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

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. This represents a $2.06 annualized dividend and a dividend yield of 7.42%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's dividend payout ratio is 81.75%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EPD. Accordant Advisory Group Inc acquired a new position in Enterprise Products Partners during the first quarter worth $26,000. Burkett Financial Services LLC acquired a new position in Enterprise Products Partners during the fourth quarter worth $28,000. Stephens Consulting LLC acquired a new position in Enterprise Products Partners during the first quarter worth $29,000. Rational Advisors LLC acquired a new stake in Enterprise Products Partners in the third quarter valued at $43,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Enterprise Products Partners in the third 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.