Enterprise Products Partners (NYSE:EPD) Trading Down 0.5%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) fell 0.5% on Monday . The stock traded as low as $28.34 and last traded at $28.41. 1,751,965 shares were traded during trading, a decline of 64% from the average session volume of 4,927,182 shares. The stock had previously closed at $28.55.

Analysts Set New Price Targets

A number of brokerages have recently commented on EPD. Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Wells Fargo & Company raised their target price 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. Barclays upped their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Finally, Scotiabank boosted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Two research 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, Enterprise Products Partners presently has an average rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Trading Down 0.1 %

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 has a 50 day moving average of $28.58 and a 200 day moving average of $27.33. The stock has a market capitalization of $61.82 billion, a price-to-earnings ratio of 11.27 and a beta of 1.02.

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

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.23%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cerity Partners LLC increased its position in Enterprise Products Partners by 89.9% during the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer’s stock worth $7,630,000 after purchasing an additional 137,044 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Enterprise Products Partners by 8.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after buying an additional 3,075 shares during the period. Cullen Investment Group LTD. acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $7,542,000. Sapient Capital LLC acquired a new position in Enterprise Products Partners in the fourth quarter valued at approximately $3,271,000. Finally, Acadian Asset Management LLC purchased a new position in Enterprise Products Partners in the third quarter worth approximately $3,793,000. 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.