Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares traded down 3% on Wednesday . The company traded as low as $28.01 and last traded at $28.21. 3,419,058 shares were traded during trading, a decline of 21% from the average session volume of 4,325,462 shares. The stock had previously closed at $29.09.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on EPD shares. StockNews.com lowered Enterprise Products Partners from a "buy" rating to a "hold" rating in a research note on Monday, April 7th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective on the stock. in a research note on Wednesday, December 18th. Scotiabank boosted their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Truist Financial boosted their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.89.
View Our Latest Stock Report on Enterprise Products Partners
Enterprise Products Partners Trading Up 1.2 %
The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The business's fifty day moving average is $32.84 and its 200-day moving average is $31.84. The stock has a market capitalization of $63.44 billion, a PE ratio of 10.89, a P/E/G ratio of 1.37 and a beta of 0.78.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP purchased a new stake in shares of Enterprise Products Partners in the third quarter worth about $263,000. Orion Portfolio Solutions LLC grew its position in Enterprise Products Partners by 18.7% in the third quarter. Orion Portfolio Solutions LLC now owns 13,808 shares of the oil and gas producer's stock valued at $402,000 after acquiring an additional 2,178 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Enterprise Products Partners by 13.1% during the third quarter. MML Investors Services LLC now owns 127,600 shares of the oil and gas producer's stock valued at $3,714,000 after purchasing an additional 14,806 shares during the period. Barclays PLC lifted its position in shares of Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after purchasing an additional 1,326,010 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC purchased a new position in shares of Enterprise Products Partners in the third quarter valued at $1,066,000. 26.07% of the stock is owned by institutional investors and hedge funds.
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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