Enterprise Products Partners (NYSE:EPD) Shares Down 0.2%

Enterprise Products Partners L.P. (NYSE:EPDGet Free Report)’s share price was down 0.2% on Thursday . The stock traded as low as $27.90 and last traded at $27.99. Approximately 504,250 shares changed hands during trading, a decline of 89% from the average daily volume of 4,766,812 shares. The stock had previously closed at $28.05.

Analyst Ratings Changes

Several analysts have weighed in on EPD shares. Mizuho reiterated a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. dropped their price target on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Finally, Truist Financial boosted their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners has an average rating of “Moderate Buy” and an average price target of $32.69.

Check Out Our Latest Analysis on Enterprise Products Partners

Enterprise Products Partners Price Performance

The company has a market cap of $60.91 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 1.31 and a beta of 1.02. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $28.77 and a two-hundred day moving average of $27.57.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same period in the previous year, the business earned $0.64 EPS. Enterprise Products Partners’s quarterly revenue was up 18.6% on a year-over-year basis. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.34%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 80.78%.

Institutional Investors Weigh In On Enterprise Products Partners

Several large investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its stake in Enterprise Products Partners by 20.2% during the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after buying an additional 6,369,350 shares in the last quarter. Blackstone Inc. grew its position in shares of Enterprise Products Partners by 6.3% in the first quarter. Blackstone Inc. now owns 23,533,643 shares of the oil and gas producer’s stock valued at $686,712,000 after purchasing an additional 1,391,370 shares in the last quarter. American Century Companies Inc. grew its position in shares of Enterprise Products Partners by 14.2% in the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock valued at $474,367,000 after purchasing an additional 2,155,640 shares in the last quarter. Energy Income Partners LLC grew its position in shares of Enterprise Products Partners by 0.9% in the first quarter. Energy Income Partners LLC now owns 15,618,956 shares of the oil and gas producer’s stock valued at $455,761,000 after purchasing an additional 142,689 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its position in shares of Enterprise Products Partners by 2.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 11,175,161 shares of the oil and gas producer’s stock valued at $326,091,000 after purchasing an additional 284,772 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Company Profile

(Get Free Report)

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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