Investors Purchase Large Volume of Call Options on Enterprise Products Partners (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) saw unusually large options trading activity on Monday. Stock traders purchased 27,258 call options on the stock. This is an increase of 75% compared to the average daily volume of 15,578 call options.

Analyst Ratings Changes

Several brokerages have commented on EPD. StockNews.com upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Finally, Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Institutional Investors Weigh In On Enterprise Products Partners

Several large investors have recently modified their holdings of the business. Verity & Verity LLC boosted its position in Enterprise Products Partners by 30.8% during the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after acquiring an additional 26,032 shares in the last quarter. Spinnaker Trust purchased a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $280,000. FourThought Financial Partners LLC lifted its position in Enterprise Products Partners by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock valued at $4,407,000 after acquiring an additional 21,970 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Enterprise Products Partners by 61.7% in the third quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock valued at $3,954,000 after acquiring an additional 51,809 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Enterprise Products Partners by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock worth $9,726,000 after purchasing an additional 21,192 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 0.5 %

Shares of NYSE:EPD traded up $0.17 during trading on Monday, reaching $31.39. 4,942,492 shares of the company were exchanged, compared to its average volume of 4,366,802. The business's fifty day simple moving average is $32.36 and its 200-day simple moving average is $31.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners has a 12-month low of $27.37 and a 12-month high of $34.63. The firm has a market capitalization of $67.98 billion, a PE ratio of 11.67, a P/E/G ratio of 1.37 and a beta of 0.78.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS 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 company had revenue of $14.20 billion for 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 quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts anticipate that Enterprise Products Partners will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's payout ratio is 79.55%.

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.

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