Enterprise Products Partners L.P. (NYSE:EPD – Get Free Report) shot up 0.2% on Friday . The company traded as high as $28.88 and last traded at $28.84. 758,508 shares changed hands during trading, a decline of 85% from the average session volume of 4,910,901 shares. The stock had previously closed at $28.79.
Analyst Ratings Changes
A number of brokerages recently weighed in on EPD. Stifel Nicolaus upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company upped their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Truist Financial increased their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus target price of $32.36.
Get Our Latest Stock Analysis on EPD
Enterprise Products Partners Stock Up 0.2 %
The business has a fifty day moving average price of $27.43 and a two-hundred day moving average price of $26.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a market capitalization of $62.58 billion, a price-to-earnings ratio of 11.45 and a beta of 1.02.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.64 earnings per share for the current year.
Enterprise Products Partners Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.14%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.75%.
Institutional Trading of Enterprise Products Partners
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. grew its holdings in Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after acquiring an additional 371 shares during the period. Ellsworth Advisors LLC boosted its position in Enterprise Products Partners by 1.9% during the third quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer’s stock worth $573,000 after purchasing an additional 380 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Enterprise Products Partners by 3.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 386 shares in the last quarter. Register Financial Advisors LLC boosted its position in Enterprise Products Partners by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after purchasing an additional 397 shares in the last quarter. Finally, Your Advocates Ltd. LLP boosted its position in Enterprise Products Partners by 1.9% during the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock worth $615,000 after purchasing an additional 412 shares in the last quarter. 26.54% of the stock is owned by institutional investors and hedge funds.
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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
Featured Articles
Receive News & Ratings for Enterprise Products Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Enterprise Products Partners and related companies with MarketBeat.com’s FREE daily email newsletter.
