Enterprise Products Partners L.P. (NYSE:EPD – Get Free Report)’s stock price traded up 1% during trading on Friday . The stock traded as high as $29.49 and last traded at $29.49. 607,059 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,360,836 shares. The stock had previously closed at $29.19.
Analyst Upgrades and Downgrades
EPD has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Scotiabank upped their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. lowered their price objective on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Finally, Wells Fargo & Company upped their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of “Buy” and a consensus price target of $32.77.
View Our Latest Stock Report on EPD
Enterprise Products Partners Stock Performance
The stock’s 50 day moving average price is $28.63 and its 200 day moving average price is $28.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market capitalization of $63.84 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. As a group, equities analysts expect that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.
Enterprise Products Partners Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.525 per share. The ex-dividend date is Wednesday, July 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 7.14%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Accordant Advisory Group Inc bought a new position in Enterprise Products Partners during the first quarter worth $26,000. Burkett Financial Services LLC bought a new position in Enterprise Products Partners during the fourth quarter worth $28,000. Stephens Consulting LLC acquired a new position in Enterprise Products Partners during the first quarter worth $29,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners during the first quarter worth $29,000. Finally, First Command Advisory Services Inc. raised its holdings in Enterprise Products Partners by 130.4% during the first quarter. First Command Advisory Services Inc. now owns 1,613 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 913 shares during the last quarter. 26.07% of the stock is owned by institutional investors.
About Enterprise Products Partners
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.
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