Enterprise Products Partners (NYSE:EPD) Shares Up 0.9% - What's Next?

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded up 0.9% during trading on Friday . The stock traded as high as $30.84 and last traded at $30.80. 657,821 shares were traded during trading, a decline of 85% from the average session volume of 4,297,539 shares. The stock had previously closed at $30.53.

Analyst Ratings Changes

A number of brokerages recently commented on EPD. Bank of America started coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They issued a "buy" rating and a $35.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Wells Fargo & Company cut Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price for the company. in a report on Wednesday. Finally, US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, nine have given 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 a consensus rating of "Moderate Buy" and a consensus target price of $34.20.

Enterprise Products Partners Trading Up 1.5 %

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 firm has a market cap of $67.17 billion, a P/E ratio of 11.61, a PEG ratio of 1.67 and a beta of 1.08. The firm's fifty day moving average is $30.95 and its two-hundred day moving average is $29.74.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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 20.31%. The company had revenue of $13.78 billion for the quarter, compared to analysts' expectations of $13.87 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. Enterprise Products Partners's quarterly revenue was up 14.8% compared to the same quarter last year. Analysts predict that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.78%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 78.65%.

Institutional Trading of Enterprise Products Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of EPD. Hantz Financial Services Inc. purchased a new stake in shares of Enterprise Products Partners during the second quarter worth about $25,000. Mascoma Wealth Management LLC bought a new position in shares of Enterprise Products Partners during the second quarter worth $29,000. DiNuzzo Private Wealth Inc. grew its stake in Enterprise Products Partners by 1,000.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 1,000 shares in the last quarter. Assetmark Inc. increased its holdings in Enterprise Products Partners by 19,800.0% in the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in Enterprise Products Partners in the 3rd quarter worth $36,000. Hedge funds and other institutional investors 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.