Enterprise Products Partners (NYSE:EPD) Trading Down 0%

Enterprise Products Partners L.P. (NYSE:EPDGet Free Report)’s share price fell 0% during mid-day trading on Tuesday . The stock traded as low as $28.04 and last traded at $28.22. 1,145,632 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 4,725,997 shares. The stock had previously closed at $28.23.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EPD. Wells Fargo & Company upped their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. JPMorgan Chase & Co. cut 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. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 4th. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.69.

Check Out Our Latest Stock Report on Enterprise Products Partners

Enterprise Products Partners Stock Performance

The firm has a market capitalization of $61.50 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.33 and a beta of 1.03. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $28.74 and its two-hundred day moving average is $27.63.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. On average, analysts predict that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tactive Advisors LLC boosted its stake in shares of Enterprise Products Partners by 12.4% in the 1st quarter. Tactive Advisors LLC now owns 18,991 shares of the oil and gas producer’s stock valued at $554,000 after purchasing an additional 2,098 shares in the last quarter. Granite Group Advisors LLC boosted its position in Enterprise Products Partners by 5.3% in the first quarter. Granite Group Advisors LLC now owns 10,075 shares of the oil and gas producer’s stock valued at $294,000 after buying an additional 505 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Enterprise Products Partners during the first quarter worth $7,590,000. Cetera Advisors LLC increased its holdings in shares of Enterprise Products Partners by 60.5% during the first quarter. Cetera Advisors LLC now owns 355,053 shares of the oil and gas producer’s stock worth $10,360,000 after buying an additional 133,904 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Enterprise Products Partners by 402.2% during the 1st quarter. Cetera Investment Advisers now owns 806,279 shares of the oil and gas producer’s stock valued at $23,527,000 after acquiring an additional 645,714 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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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