Enterprise Products Partners (NYSE:EPD) Trading Up 1.3% - Time to Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price was up 1.3% during trading on Tuesday . The stock traded as high as $30.48 and last traded at $30.47. Approximately 1,313,444 shares traded hands during trading, a decline of 70% from the average daily volume of 4,374,004 shares. The stock had previously closed at $30.07.

Analysts Set New Price Targets

EPD has been the subject of a number of analyst reports. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Morgan Stanley lifted their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Stock Performance

The stock has a market capitalization of $65.93 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.37 and a beta of 0.78. The stock has a 50 day simple moving average of $32.55 and a two-hundred day simple moving average of $31.92. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results 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. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period last year, the business posted $0.72 EPS. Enterprise Products Partners's revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 7.03%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 79.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EPD. Invesco Ltd. lifted its holdings in shares of Enterprise Products Partners by 1.3% during the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock worth $849,126,000 after buying an additional 359,288 shares in the last quarter. FMR LLC increased its holdings in shares of Enterprise Products Partners by 2.1% during the fourth quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock worth $462,067,000 after purchasing an additional 304,997 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in shares of Enterprise Products Partners by 16.7% in the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Enterprise Products Partners by 8.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock worth $330,739,000 after acquiring an additional 851,188 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in shares of Enterprise Products Partners by 11.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 5,830,088 shares of the oil and gas producer's stock valued at $182,832,000 after acquiring an additional 580,850 shares during the period. 26.07% of the stock is owned by institutional investors.

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.

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