Enterprise Products Partners L.P. (NYSE:EPD) Short Interest Update

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EPD shares. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Citigroup boosted their price objective on Enterprise Products Partners from $36.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company downgraded 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. Finally, Scotiabank started coverage on Enterprise Products Partners in a report on Friday, January 10th. They set a "sector perform" rating and a $33.00 price objective for the company. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.70.

Enterprise Products Partners Stock Performance

EPD stock traded up $0.19 during midday trading on Tuesday, hitting $33.63. The company's stock had a trading volume of 1,023,125 shares, compared to its average volume of 4,758,860. The stock's 50-day moving average price is $32.53 and its 200 day moving average price is $30.82. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners has a 1 year low of $27.20 and a 1 year high of $34.63. The stock has a market cap of $72.90 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data 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. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that Enterprise Products Partners will post 2.87 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.535 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.36%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's payout ratio is currently 79.55%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its position 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 valued at $26,000 after buying an additional 656 shares during the last quarter. Tidemark LLC lifted its position in shares of Enterprise Products Partners by 54.3% during the 4th 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 last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Enterprise Products Partners during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners during the 4th quarter valued at $30,000. Finally, DiNuzzo Private Wealth Inc. lifted 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 buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

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.