Enterprise Products Partners (NYSE:EPD) Trading 0.9% Higher - Should You Buy?

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded up 0.9% during trading on Wednesday . The stock traded as high as $31.35 and last traded at $30.98. 1,552,300 shares traded hands during trading, a decline of 65% from the average session volume of 4,375,449 shares. The stock had previously closed at $30.70.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EPD shares. Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Scotiabank upped their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Morgan Stanley lifted their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, Truist Financial boosted their target price 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. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Trading Up 0.1 %

The stock has a market capitalization of $67.87 billion, a PE ratio of 11.65, a P/E/G ratio of 1.37 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company's 50 day moving average price is $32.36 and its two-hundred day moving average price is $31.94.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates 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 revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.83%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 79.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. increased its position in Enterprise Products Partners by 2.1% during the first quarter. Mather Group LLC. now owns 26,829 shares of the oil and gas producer's stock worth $916,000 after purchasing an additional 557 shares during the last quarter. Sage Advisors LLC increased its holdings in shares of Enterprise Products Partners by 2.1% during the 1st quarter. Sage Advisors LLC now owns 190,203 shares of the oil and gas producer's stock worth $6,494,000 after buying an additional 3,973 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Enterprise Products Partners during the 1st quarter valued at approximately $39,000. Beaton Management Co. Inc. acquired a new position in Enterprise Products Partners in the first quarter valued at approximately $208,000. Finally, Koshinski Asset Management Inc. increased its stake in Enterprise Products Partners by 27.7% during the first quarter. Koshinski Asset Management Inc. now owns 9,270 shares of the oil and gas producer's stock worth $316,000 after acquiring an additional 2,012 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Company Profile

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.