Enterprise Products Partners L.P. (NYSE:EPD) Short Interest Up 22.7% in October

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 19,380,000 shares, an increase of 22.7% from the October 15th total of 15,800,000 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,600,000 shares, the short-interest ratio is currently 5.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EPD. Paragon Advisors LLC purchased a new position in Enterprise Products Partners in the third quarter worth $2,628,000. O Shaughnessy Asset Management LLC raised its holdings in Enterprise Products Partners by 19.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer's stock worth $685,000 after purchasing an additional 3,770 shares during the period. Catalyst Capital Advisors LLC grew its stake in Enterprise Products Partners by 5.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 477,341 shares of the oil and gas producer's stock valued at $13,895,000 after acquiring an additional 26,136 shares during the period. Sanders Morris Harris LLC lifted its stake in Enterprise Products Partners by 28.1% in the 3rd quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer's stock valued at $20,546,000 after buying an additional 154,822 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in Enterprise Products Partners by 2,862.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer's stock worth $225,777,000 after purchasing an additional 7,494,224 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Up 0.9 %

Shares of NYSE EPD traded up $0.28 during midday trading on Friday, hitting $31.09. 5,536,140 shares of the company traded hands, compared to its average volume of 4,295,243. The firm has a market cap of $67.39 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a 50-day moving average price of $29.44 and a 200 day moving average price of $29.06. Enterprise Products Partners has a 12-month low of $25.95 and a 12-month high of $31.33.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to analysts' expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. Enterprise Products Partners's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, analysts expect that Enterprise Products Partners will post 2.69 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend was Thursday, October 31st. Enterprise Products Partners's dividend payout ratio (DPR) is 78.65%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EPD. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Bank of America started coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 price target for the company. StockNews.com lowered shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, Truist Financial increased their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $34.00.

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.

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