Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares were up 1.6% on Monday after Barclays raised their price target on the stock from $35.00 to $37.00. Barclays currently has an overweight rating on the stock. Enterprise Products Partners traded as high as $34.10 and last traded at $34.12. Approximately 1,032,605 shares were traded during trading, a decline of 79% from the average daily volume of 4,815,877 shares. The stock had previously closed at $33.59.
Several other research analysts have also issued reports on EPD. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a research report on Wednesday, December 18th. Truist Financial lifted 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 report on Friday, January 3rd. Finally, Scotiabank lifted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.90.
View Our Latest Stock Report on EPD
Institutional Investors Weigh In On Enterprise Products Partners
Institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton boosted its stake 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 period. Tidemark LLC boosted its stake 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 period. Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $30,000. Finally, National Bank of Canada FI lifted its stake in shares of Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.
Enterprise Products Partners Stock Performance
The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The firm's 50 day moving average is $33.34 and its 200-day moving average is $31.49. The firm has a market cap of $73.85 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion during 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%. Enterprise Products Partners's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share 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 issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 6.28%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is 79.55%.
About Enterprise Products Partners
(
Get Free Report)
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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