Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price was up 0.4% during mid-day trading on Tuesday . The company traded as high as $29.46 and last traded at $29.25. Approximately 1,153,680 shares were traded during trading, a decline of 73% from the average daily volume of 4,279,219 shares. The stock had previously closed at $29.13.
Analyst Upgrades and Downgrades
EPD has been the topic of a number of recent analyst reports. StockNews.com lowered Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 target price on the stock. Truist Financial boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $34.00.
Read Our Latest Stock Analysis on EPD
Enterprise Products Partners Stock Up 0.6 %
The firm's 50 day moving average price is $29.22 and its two-hundred day moving average price is $28.96. The company has a market cap of $63.58 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91.
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 earnings per share (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 20.39%. The business had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same period in the previous year, the business posted $0.60 EPS. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.7 EPS for the current fiscal year.
Enterprise Products Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.17%. Enterprise Products Partners's payout ratio is presently 78.65%.
Institutional Trading of Enterprise Products Partners
A number of large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of Enterprise Products Partners by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer's stock worth $685,000 after purchasing an additional 3,770 shares during the last quarter. Sanders Morris Harris LLC grew its position in Enterprise Products Partners by 28.1% during the third quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer's stock valued at $20,546,000 after acquiring an additional 154,822 shares during the last quarter. Pathway Financial Advisers LLC grew its position in Enterprise Products Partners by 2,862.8% during the third quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer's stock valued at $225,777,000 after acquiring an additional 7,494,224 shares during the last quarter. Nwam LLC grew its position in Enterprise Products Partners by 25.1% during the first quarter. Nwam LLC now owns 20,822 shares of the oil and gas producer's stock valued at $591,000 after acquiring an additional 4,184 shares during the last quarter. Finally, Natixis grew its position in Enterprise Products Partners by 144.9% during the first quarter. Natixis now owns 74,872 shares of the oil and gas producer's stock valued at $2,185,000 after acquiring an additional 44,300 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.
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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