Enterprise Products Partners (NYSE:EPD) Shares Up 0.4% - Still a Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price traded up 0.4% during trading on Thursday . The stock traded as high as $30.87 and last traded at $30.56. 957,036 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,295,464 shares. The stock had previously closed at $30.45.

Analyst Ratings Changes

Several research firms have weighed in on EPD. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective on the stock. in a report on Wednesday. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Finally, Bank of America initiated coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.

Enterprise Products Partners Stock Up 0.3 %

The business has a 50 day moving average price of $30.92 and a 200 day moving average price of $29.72. 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 stock has a market cap of $66.18 billion, a PE ratio of 11.43, a P/E/G ratio of 1.67 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period in the previous year, the business earned $0.60 EPS. Enterprise Products Partners's revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued 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 yield of 6.88%. Enterprise Products Partners's payout ratio is 78.65%.

Institutional Investors Weigh In On Enterprise Products Partners

Hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in Enterprise Products Partners in the 2nd quarter worth about $25,000. Mascoma Wealth Management LLC purchased a new position in shares of Enterprise Products Partners during the 2nd quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. grew its stake in Enterprise Products Partners by 1,000.0% in the 3rd 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 during the period. 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 worth $35,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Enterprise Products Partners during the third quarter worth $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

About Enterprise Products Partners

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.