Enterprise Products Partners (NYSE:EPD) Shares Up 0.4%

Enterprise Products Partners L.P. (NYSE:EPDGet Free Report) shares were up 0.4% on Monday . The stock traded as high as $28.67 and last traded at $28.67. Approximately 996,572 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 4,871,792 shares. The stock had previously closed at $28.56.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EPD shares. JPMorgan Chase & Co. lowered their price objective on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Stifel Nicolaus lifted their price target 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. Scotiabank lifted their price target 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. Wells Fargo & Company lifted their price target 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of “Moderate Buy” and a consensus target price of $32.69.

Get Our Latest Stock Report on Enterprise Products Partners

Enterprise Products Partners Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $28.84 and its two-hundred day simple moving average is $27.49. The stock has a market cap of $62.11 billion, a P/E ratio of 11.25 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.71 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 80.78%.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently made changes to their positions in EPD. Accordant Advisory Group Inc acquired a new position in Enterprise Products Partners during the first quarter worth $26,000. Stephens Consulting LLC acquired a new position in Enterprise Products Partners during the first quarter worth $29,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners during the first quarter worth $29,000. Burkett Financial Services LLC acquired a new position in Enterprise Products Partners during the fourth quarter worth $28,000. Finally, Rational Advisors LLC acquired a new position in Enterprise Products Partners during the third quarter worth $43,000. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

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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.

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