Enterprise Products Partners (NYSE:EPD) Trading Up 0.2%

Enterprise Products Partners L.P. (NYSE:EPD)’s share price was up 0.2% during trading on Monday . The stock traded as high as $28.31 and last traded at $28.16. Approximately 753,408 shares were traded during trading, a decline of 85% from the average daily volume of 4,948,106 shares. The stock had previously closed at $28.10.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EPD shares. Barclays raised their target price 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. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Stifel Nicolaus lifted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.75.

Enterprise Products Partners Trading Up 1.0 %

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 business has a 50 day moving average of $28.64 and a 200 day moving average of $27.35. The firm has a market capitalization of $61.52 billion, a price-to-earnings ratio of 11.04 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.82 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.26%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors have recently made changes to their positions in the stock. Kades & Cheifetz LLC acquired a new stake in shares of Enterprise Products Partners during the first quarter worth $210,000. Kayne Anderson Capital Advisors LP grew its stake in Enterprise Products Partners by 2.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 11,175,161 shares of the oil and gas producer’s stock valued at $326,091,000 after acquiring an additional 284,772 shares during the period. Capital City Trust Co. FL grew its stake in Enterprise Products Partners by 69.6% in the first quarter. Capital City Trust Co. FL now owns 45,569 shares of the oil and gas producer’s stock valued at $1,330,000 after acquiring an additional 18,693 shares during the period. Advisory Services Network LLC grew its stake in Enterprise Products Partners by 8.9% in the first quarter. Advisory Services Network LLC now owns 274,414 shares of the oil and gas producer’s stock valued at $8,007,000 after acquiring an additional 22,398 shares during the period. Finally, Hemenway Trust Co LLC acquired a new position in Enterprise Products Partners in the first quarter valued at about $213,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.