Enterprise Products Partners Sees Unusually High Options Volume (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) saw some unusual options trading on Tuesday. Stock traders bought 11,514 call options on the stock. This is an increase of 95% compared to the typical daily volume of 5,896 call options.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded up $0.69 during trading on Tuesday, reaching $38.05. The company had a trading volume of 1,838,626 shares, compared to its average volume of 3,890,134. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm’s 50-day simple moving average is $37.66 and its 200 day simple moving average is $37.28. The firm has a market capitalization of $82.18 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.50. Enterprise Products Partners has a 52 week low of $30.02 and a 52 week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, October 29th. The oil and gas producer reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $17.95 billion for the quarter, compared to analysts’ expectations of $14.98 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The firm’s revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. Sell-side analysts forecast that Enterprise Products Partners will post 3.11 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, October 30th. Enterprise Products Partners’s dividend payout ratio is presently 74.17%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Melius Research assumed coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They set a “hold” rating and a $42.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Enterprise Products Partners in a research report on Thursday, September 10th. They issued a “hold” rating and a $40.00 target price for the company. Capital One Financial assumed coverage on Enterprise Products Partners in a report on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 price target on the stock. Morgan Stanley restated an “underweight” rating and issued a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.18.

Institutional Investors Weigh In On Enterprise Products Partners

Several large investors have recently bought and sold shares of the business. Energy Income Partners LLC acquired a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $508,461,000. Bank of America Corp DE acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at $416,553,000. BlackRock Inc. bought a new stake in Enterprise Products Partners in the second quarter valued at $255,325,000. Berkley W R Corp bought a new stake in Enterprise Products Partners in the second quarter valued at $250,887,000. Finally, Alps Advisors Inc. grew its position in Enterprise Products Partners by 6.8% in the third quarter. Alps Advisors Inc. now owns 46,611,995 shares of the oil and gas producer’s stock valued at $1,659,853,000 after acquiring an additional 2,956,939 shares during the period. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.