Enterprise Products Partners (NYSE:EPD) Trading Up 0.1% - What's Next?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price traded up 0.1% during mid-day trading on Monday . The company traded as high as $31.51 and last traded at $31.24. 1,628,756 shares were traded during mid-day trading, a decline of 63% from the average session volume of 4,354,173 shares. The stock had previously closed at $31.22.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EPD. Truist Financial upped their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Finally, Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Four research 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Stock Up 0.2 %

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 has a market cap of $67.73 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.37 and a beta of 0.78. The business's 50-day moving average is $32.36 and its 200-day moving average is $31.96.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.07 billion. During the same period in the previous year, the business posted $0.72 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS 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. Investors of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

Institutional Trading of Enterprise Products Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kayne Anderson Capital Advisors LP increased its holdings in Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after buying an additional 1,947,017 shares during the period. Barclays PLC raised its holdings in shares of Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after purchasing an additional 1,326,010 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Enterprise Products Partners during the 4th quarter valued at $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Enterprise Products Partners by 8.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after buying an additional 851,188 shares during the last quarter. Finally, KDK Private Wealth Management LLC bought a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $22,333,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.