Enterprise Products Partners (NYSE:EPD) Stock Price Up 0.5% - Should You Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded up 0.5% during trading on Tuesday . The company traded as high as $33.31 and last traded at $33.27. 1,699,634 shares changed hands during trading, a decline of 64% from the average session volume of 4,766,461 shares. The stock had previously closed at $33.12.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EPD shares. Scotiabank initiated coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 price target for the company. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Enterprise Products Partners has an average rating of "Moderate Buy" and an average price target of $34.70.

Enterprise Products Partners Trading Up 0.9 %

The company's fifty day moving average price is $32.50 and its 200-day moving average price is $30.77. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.54 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.87 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.39%. The ex-dividend date was Friday, January 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's payout ratio is presently 79.55%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Pennington Partners & CO. LLC purchased a new stake in Enterprise Products Partners in the fourth quarter valued at approximately $551,000. Hutner Capital Management Inc. boosted its holdings in shares of Enterprise Products Partners by 13.9% in the 4th quarter. Hutner Capital Management Inc. now owns 102,654 shares of the oil and gas producer's stock valued at $3,219,000 after acquiring an additional 12,545 shares during the last quarter. South Plains Financial Inc. acquired a new stake in shares of Enterprise Products Partners in the fourth quarter worth $131,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Enterprise Products Partners by 42.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 411,024 shares of the oil and gas producer's stock worth $12,890,000 after purchasing an additional 122,338 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new position in Enterprise Products Partners during the fourth quarter valued at $35,000. 26.07% of the stock is currently owned by hedge funds and other 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.