Enterprise Products Partners (NYSE:EPD) Stock Price Up 0.2%

Enterprise Products Partners L.P. (NYSE:EPD) shares shot up 0.2% during mid-day trading on Monday . The stock traded as high as $28.31 and last traded at $28.16. 753,408 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 4,948,106 shares. The stock had previously closed at $28.10.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Barclays raised their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Stifel Nicolaus boosted their target price 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. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Finally, Scotiabank upped their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $32.75.

Enterprise Products Partners Price Performance

The stock has a market capitalization of $61.59 billion, a PE ratio of 11.14 and a beta of 1.02. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The stock’s 50-day moving average is $28.68 and its 200 day moving average is $27.36.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.75%. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, equities analysts predict that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s payout ratio is presently 80.78%.

Hedge Funds Weigh In On Enterprise Products Partners

Several hedge funds have recently bought and sold shares of EPD. Accordant Advisory Group Inc acquired a new position in Enterprise Products Partners during the first quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new position in Enterprise Products Partners in the 4th quarter worth $28,000. Stephens Consulting LLC bought a new position in Enterprise Products Partners in the 1st quarter worth $29,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners during the 1st quarter worth $29,000. Finally, Rational Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at about $43,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.