Enterprise Products Partners (NYSE:EPD) Trading Up 0.7%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.7% during trading on Monday . The company traded as high as $28.81 and last traded at $28.78. 573,527 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,529,699 shares. The stock had previously closed at $28.57.

Analyst Ratings Changes

A number of research firms recently weighed in on EPD. JPMorgan Chase & Co. decreased their target price on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Scotiabank increased their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. Truist Financial boosted their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays raised their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Stock Down 0.3 %

The company has a market cap of $63.02 billion, a PE ratio of 11.38, a PEG ratio of 1.35 and a beta of 1.03. The stock’s 50 day moving average price is $28.49 and its 200-day moving average price is $27.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post 2.73 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.10%. Enterprise Products Partners’s payout ratio is currently 80.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EPD. Accordant Advisory Group Inc purchased a new stake in Enterprise Products Partners in the 1st quarter worth approximately $26,000. Burkett Financial Services LLC purchased a new stake in Enterprise Products Partners in the fourth quarter worth $28,000. Stephens Consulting LLC purchased a new stake in Enterprise Products Partners in the first quarter worth $29,000. Palisade Asset Management LLC purchased a new position in Enterprise Products Partners during the 1st quarter valued at $29,000. Finally, First Command Advisory Services Inc. raised its holdings in Enterprise Products Partners by 130.4% in the 1st quarter. First Command Advisory Services Inc. now owns 1,613 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 913 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.