Enterprise Products Partners (NYSE:EPD) Shares Up 1.5%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) shot up 1.5% during trading on Friday . The stock traded as high as $28.91 and last traded at $28.87. 759,857 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,870,410 shares. The stock had previously closed at $28.44.

Analysts Set New Price Targets

Several brokerages recently commented on EPD. Mizuho reiterated a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Barclays increased their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Stifel Nicolaus increased their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Price Performance

The firm has a market capitalization of $62.68 billion, a PE ratio of 11.46 and a beta of 1.02. The business has a 50-day moving average of $28.31 and a 200 day moving average of $27.25. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $12.43 billion. During the same period last year, the firm posted $0.65 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.13%. Enterprise Products Partners’s payout ratio is 81.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. boosted its position in shares of Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 371 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in Enterprise Products Partners by 1.9% in the third quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 380 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Enterprise Products Partners by 3.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after acquiring an additional 386 shares in the last quarter. Register Financial Advisors LLC boosted its holdings in Enterprise Products Partners by 2.3% in the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after acquiring an additional 397 shares in the last quarter. Finally, Your Advocates Ltd. LLP increased its position in Enterprise Products Partners by 1.9% during the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock valued at $615,000 after acquiring an additional 412 shares during the last quarter. 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.