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

Enterprise Products Partners L.P. (NYSE:EPD)’s share price rose 0.4% during trading on Thursday . The stock traded as high as $28.61 and last traded at $28.49. Approximately 1,468,657 shares changed 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 Analysts Forecast Growth

EPD has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Barclays upped their price target on shares of 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 upped their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Mizuho reissued a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Stock Up 0.2 %

The stock has a market cap of $61.67 billion, a PE ratio of 11.29 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The company’s 50-day moving average price is $28.27 and its 200 day moving average price is $27.24.

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

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.24%. Enterprise Products Partners’s payout ratio is presently 81.75%.

Institutional Trading of Enterprise Products Partners

Several hedge funds and other institutional investors have recently bought and sold shares of EPD. Fairfield Bush & CO. purchased a new stake in Enterprise Products Partners during the 2nd quarter valued at $26,000. Pacific Center for Financial Services purchased a new stake in Enterprise Products Partners during the 1st quarter valued at $27,000. Burkett Financial Services LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $28,000. Stephens Consulting LLC purchased a new stake in Enterprise Products Partners during the 1st quarter valued at $29,000. Finally, Financial Freedom LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $38,000. Hedge funds and other 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.