Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $31.45 and last traded at $31.41, with a volume of 296326 shares trading hands. The stock had previously closed at $31.09.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. StockNews.com lowered Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 12th. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Bank of America initiated coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 price objective for the company. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners currently has an average rating of "Buy" and a consensus price target of $34.00.
Read Our Latest Stock Analysis on Enterprise Products Partners
Enterprise Products Partners Stock Performance
The firm has a 50 day moving average of $29.44 and a two-hundred day moving average of $29.07. The stock has a market cap of $68.26 billion, a P/E ratio of 11.76, 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.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the company earned $0.60 EPS. The company's revenue was up 14.8% on a year-over-year basis. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 6.67%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in shares of Enterprise Products Partners in the 2nd quarter worth $25,000. Mascoma Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. increased its position in shares of Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. Assetmark Inc. increased its position in shares of Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new position in Enterprise Products Partners during the third quarter worth about $36,000. 26.07% of the stock is currently owned by institutional investors.
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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