Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price rose 1.5% during mid-day trading on Tuesday . The company traded as high as $31.12 and last traded at $30.23. Approximately 2,956,882 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 4,291,111 shares. The stock had previously closed at $29.80.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Truist Financial boosted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. StockNews.com lowered shares of Enterprise Products Partners from a "buy" rating to a "hold" rating in a report on Monday, April 7th. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price for the company. in a research note on Wednesday, December 18th. Finally, Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.89.
Read Our Latest Research Report on EPD
Enterprise Products Partners Price Performance
The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The firm has a market cap of $63.44 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.37 and a beta of 0.78. The stock has a 50-day moving average price of $32.84 and a 200 day moving average price of $31.84.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.
Enterprise Products Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 7.31%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 79.55%.
Institutional Investors Weigh In On Enterprise Products Partners
Several hedge funds have recently made changes to their positions in the business. Rosenberg Matthew Hamilton raised its stake in Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 656 shares during the last quarter. Tidemark LLC raised its stake in shares of Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $29,000. Crowley Wealth Management Inc. purchased a new position in Enterprise Products Partners in the 4th quarter valued at $30,000. Finally, National Bank of Canada FI increased its stake in Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.
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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