Enterprise Products Partners (NYSE:EPD) Stock Price Up 0.4%

Enterprise Products Partners L.P. (NYSE:EPD) rose 0.4% on Thursday . The stock traded as high as $28.61 and last traded at $28.49. Approximately 1,468,657 shares traded hands during trading, a decline of 70% from the average daily volume of 4,898,674 shares. The stock had previously closed at $28.39.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Mizuho reissued a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Truist Financial increased their target price on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus lifted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two 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.com, Enterprise Products Partners currently has an average rating of “Buy” and an average price target of $32.58.

Enterprise Products Partners Trading Up 1.4 %

The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 11.45 and a beta of 1.02. The company has a fifty day moving average price of $28.36 and a two-hundred day moving average price of $27.26. 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 posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced 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 7.14%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.75%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. purchased a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $26,000. Stephens Consulting LLC purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth approximately $29,000. Pacific Center for Financial Services purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $28,000. Finally, Financial Freedom LLC purchased a new stake in Enterprise Products Partners in the 4th quarter worth approximately $38,000. 26.07% of the stock is owned by hedge funds and other 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.