Enterprise Products Partners L.P. (NYSE:EPD) Short Interest Up 17.1% in January

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 26,740,000 shares, an increase of 17.1% from the January 15th total of 22,830,000 shares. Based on an average trading volume of 4,480,000 shares, the short-interest ratio is currently 6.0 days. Currently, 1.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EPD shares. Citigroup raised their price target on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Scotiabank began coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a "sector perform" rating and a $33.00 price target for the company. Finally, Wells Fargo & Company downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective for the company. in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.70.

Enterprise Products Partners Stock Down 0.3 %

Shares of NYSE:EPD traded down $0.12 during trading on Thursday, hitting $33.54. 3,804,840 shares of the company's stock traded hands, compared to its average volume of 4,814,640. The company has a 50-day moving average price of $32.60 and a 200-day moving average price of $30.89. Enterprise Products Partners has a 52 week low of $27.26 and a 52 week high of $34.63. The company has a market cap of $72.69 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, research analysts forecast that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.38%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Institutional Trading of Enterprise Products Partners

Institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton raised its holdings in shares of Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after buying an additional 656 shares in the last quarter. Tidemark LLC increased its stake in shares of Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 318 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $30,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

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.