Enterprise Products Partners (NYSE:EPD) Sees Strong Trading Volume – Here’s What Happened

Enterprise Products Partners L.P. (NYSE:EPD) shares saw strong trading volume on Monday . 2,022,812 shares were traded during trading, a decline of 50% from the previous session’s volume of 4,008,280 shares.The stock last traded at $39.0610 and had previously closed at $39.02.

Enterprise Products Partners News Summary

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Analysts and market commentary continue to highlight EPD as a long-term momentum and dividend opportunity. Its recent earnings beat, strong revenue growth and historically attractive distribution yield provide fundamental support for the stock. Why Enterprise Products Partners Is a Top Momentum Stock for the Long-Term Why Enterprise Products Partners Is a Top Momentum Stock for the Long Term
• Positive Sentiment: Enterprise’s planned processing and fractionation expansions in the Permian Basin are expected to accommodate rising volumes, increase capacity and support stable fee-based cash flows over the long term. Rising Permian Volumes and Expansions Support EPD’s Growth Outlook
• Positive Sentiment: Sector coverage points to accelerating natural-gas infrastructure investment and improved full-year guidance among midstream companies after a strong second quarter. This backdrop may benefit EPD’s expansion pipeline and growth outlook. Midstream Scales Up Natural Gas Infrastructure
• Positive Sentiment: Recent investment commentary cites EPD’s earnings momentum, distribution yield and technical strength, reinforcing the case for holding the partnership for income and long-term total returns. Enterprise Products Partners: Solid Earnings Momentum and Yield Enterprise Products Partners: Buy This Dividend Stock for the Long Haul
• Neutral Sentiment: Tax considerations surrounding high-yield energy investments and the AMLP ETF may influence how investors access pipeline partnerships, but the articles do not identify a material change to EPD’s operations. Four Dividend Stocks Yielding Over 6%
• Negative Sentiment: Wall Street Zen lowered its rating on EPD, introducing a modest negative signal amid otherwise favorable coverage. Enterprise Products Partners Stock Rating Lowered

Analyst Ratings Changes

EPD has been the subject of several recent research reports. Morgan Stanley reiterated an “underweight” rating and issued a $41.00 price objective (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday, August 18th. JPMorgan Chase & Co. raised their target price on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. UBS Group reiterated a “buy” rating and issued a $45.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. TD Cowen reissued a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $38.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.00.

Enterprise Products Partners Price Performance

The company has a fifty day moving average price of $37.98 and a two-hundred day moving average price of $37.73. The firm has a market capitalization of $84.91 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.28 and a beta of 0.50. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The business’s revenue was up 60.8% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 3.03 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.56 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, July 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.7%. Enterprise Products Partners’s dividend payout ratio (DPR) is 77.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. Royal Palms Capital LLC acquired a new stake in Enterprise Products Partners in the 4th quarter valued at approximately $1,830,000. Oxbow Advisors LLC lifted its holdings in Enterprise Products Partners by 3.0% in the 4th quarter. Oxbow Advisors LLC now owns 1,329,085 shares of the oil and gas producer’s stock valued at $42,610,000 after acquiring an additional 39,052 shares during the last quarter. Texas Yale Capital Corp. boosted its holdings in Enterprise Products Partners by 4.9% during the fourth quarter. Texas Yale Capital Corp. now owns 1,905,939 shares of the oil and gas producer’s stock worth $61,104,000 after buying an additional 88,475 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Enterprise Products Partners by 7.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 4,510,036 shares of the oil and gas producer’s stock worth $144,592,000 after acquiring an additional 327,807 shares during the last quarter. Finally, Evolve Private Wealth LLC raised its holdings in Enterprise Products Partners by 662.0% during the 1st quarter. Evolve Private Wealth LLC now owns 154,492 shares of the oil and gas producer’s stock worth $5,846,000 after buying an additional 134,218 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.