Enterprise Products Partners L.P. (NYSE:EPD) Short Interest Update

Enterprise Products Partners L.P. (NYSE:EPD) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 18,530,000 shares, an increase of 6.1% from the March 15th total of 17,470,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 4,940,000 shares, the short-interest ratio is presently 3.8 days.

Institutional Trading of Enterprise Products Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Miller Howard Investments Inc. NY raised its stake in shares of Enterprise Products Partners by 7.1% in the third quarter. Miller Howard Investments Inc. NY now owns 3,189,590 shares of the oil and gas producer’s stock worth $87,299,000 after purchasing an additional 210,603 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Enterprise Products Partners by 8.7% during the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after acquiring an additional 3,075 shares during the last quarter. Sapient Capital LLC bought a new stake in Enterprise Products Partners during the fourth quarter worth $3,271,000. Acadian Asset Management LLC bought a new stake in Enterprise Products Partners during the third quarter worth $3,793,000. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in Enterprise Products Partners by 16.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 1,794,073 shares of the oil and gas producer’s stock worth $49,104,000 after acquiring an additional 254,175 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EPD. Barclays increased their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Mizuho reissued a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research note on Thursday, April 4th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Truist Financial increased their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Friday, April 5th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $32.58.

Enterprise Products Partners Stock Down 0.5 %

NYSE:EPD traded down $0.14 on Tuesday, hitting $28.37. The stock had a trading volume of 2,158,502 shares, compared to its average volume of 4,904,821. The business’s fifty day moving average is $28.18 and its 200 day moving average is $27.23. The company has a market cap of $61.51 billion, a PE ratio of 11.23 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. Enterprise Products Partners has a 52 week low of $25.19 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly 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. On average, equities research analysts expect that Enterprise Products Partners will post 2.62 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders 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 7.26%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

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.