Enterprise Products Partners (NYSE:EPD) Trading 1.3% Higher – Here’s Why

Enterprise Products Partners L.P. (NYSE:EPD) traded up 1.3% on Tuesday . The stock traded as high as $39.41 and last traded at $39.32. 2,293,764 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 4,009,392 shares. The stock had previously closed at $38.82.

Enterprise Products Partners News Roundup

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

• Positive Sentiment: Momentum and valuation support: Zacks identified EPD as a potential long-term momentum stock, highlighting its appeal across value, growth, and momentum strategies. The positive technical and fundamental setup may be attracting investors. Why Enterprise Products Partners Is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Permian expansion improves growth visibility: 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: Attractive dividend and earnings momentum: Recent analysis characterized EPD as a long-term dividend powerhouse, supported by its history of maintaining distributions, solid earnings momentum, yield, and technical strength. Its latest reported quarter also exceeded consensus EPS and revenue estimates, reinforcing investor confidence. Enterprise Products Partners: Solid Earnings Momentum and Yield, With Technical Strength
• Positive Sentiment: Favorable midstream backdrop: Industry coverage points to higher full-year guidance across midstream companies and an accelerating natural-gas infrastructure buildout, which could benefit EPD’s pipeline, processing, and export assets. Midstream Scales Up Natural Gas Infrastructure
• Neutral Sentiment: Articles promoting high-yield energy investments and alternatives to the Alerian MLP ETF reinforce investor interest in pipeline income stocks, but they do not represent a specific new catalyst for EPD. 4 Dividend Stocks Yielding Over 6% That Should Be in Every Roth
• Negative Sentiment: Wall Street Zen lowered its rating on EPD, creating a minor sentiment headwind and highlighting that some analysts remain cautious despite the partnership’s income and growth appeal. Enterprise Products Partners Stock Rating Lowered by Wall Street Zen

Wall Street Analyst Weigh In

Several research firms have commented on EPD. UBS Group restated a “buy” rating and issued a $45.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Truist Financial lifted their target price on Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 4th. TD Cowen reissued a “hold” rating and set a $38.00 target price (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Scotiabank reaffirmed a “sector perform” rating and issued a $40.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Enterprise Products Partners from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Enterprise Products Partners Stock Up 1.3%

The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $84.91 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.28 and a beta of 0.49. The business’s fifty day moving average price is $37.94 and its 200 day moving average price is $37.70.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $18.27 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. On average, equities analysts expect that Enterprise Products Partners L.P. will post 3.03 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.7%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, July 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 77.78%.

Hedge Funds Weigh In On Enterprise Products Partners

Hedge funds have recently made changes to their positions in the stock. Advus Financial Partners LLC grew its position in Enterprise Products Partners by 2.2% during the second quarter. Advus Financial Partners LLC now owns 26,248 shares of the oil and gas producer’s stock valued at $965,000 after acquiring an additional 556 shares during the period. First Eagle Investment Management LLC increased its position in Enterprise Products Partners by 0.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,958,036 shares of the oil and gas producer’s stock worth $71,977,000 after purchasing an additional 16,555 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Enterprise Products Partners during the 2nd quarter worth approximately $353,000. Ameritas Advisory Services LLC raised its holdings in Enterprise Products Partners by 122.9% in the second quarter. Ameritas Advisory Services LLC now owns 35,349 shares of the oil and gas producer’s stock valued at $1,299,000 after buying an additional 19,490 shares during the period. Finally, Wedmont Private Capital raised its holdings in Enterprise Products Partners by 19.0% in the second quarter. Wedmont Private Capital now owns 27,771 shares of the oil and gas producer’s stock valued at $1,035,000 after buying an additional 4,432 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Company Profile

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.