Enterprise Products Partners (NYSE:EPD) Shares Down 0.1%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) were down 0.1% during trading on Tuesday . The stock traded as low as $28.87 and last traded at $28.92. Approximately 777,185 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,880,045 shares. The stock had previously closed at $28.95.

Analysts Set New Price Targets

Several equities analysts have commented on EPD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research report on Tuesday, February 13th. 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. Wells Fargo & Company lifted their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Barclays boosted 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. Finally, Mizuho upped their target price on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, nine have assigned 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 a consensus price target of $32.55.

Enterprise Products Partners Stock Performance

The company’s 50 day simple moving average is $27.51 and its 200 day simple moving average is $27.01. The stock has a market cap of $62.98 billion, a price-to-earnings ratio of 11.53 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.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $14.62 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.64 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 7.09%. The ex-dividend date was Tuesday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.50. Enterprise Products Partners’s payout ratio is 81.75%.

Institutional Investors Weigh In On Enterprise Products Partners

Several institutional investors and hedge funds have recently made changes to their positions in EPD. Fairfield Bush & CO. acquired a new position in Enterprise Products Partners during the 2nd quarter worth about $26,000. Pacific Center for Financial Services bought a new stake in Enterprise Products Partners during the 1st quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $28,000. Intrepid Capital Management Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter worth approximately $35,000. Finally, Financial Freedom LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds 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.