Enterprise Products Partners Sees Unusually High Options Volume (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) saw unusually large options trading activity on Friday. Stock traders bought 107,885 call options on the stock. This is an increase of 1,142% compared to the average daily volume of 8,689 call options.

Institutional Investors Weigh In On Enterprise Products Partners

A number of large investors have recently added to or reduced their stakes in the company. Accordant Advisory Group Inc bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at about $26,000. Burkett Financial Services LLC bought a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $28,000. Stephens Consulting LLC bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at about $29,000. Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at about $43,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at about $48,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.4 %

NYSE:EPD traded up $0.13 during trading hours on Friday, reaching $29.06. The company’s stock had a trading volume of 7,604,876 shares, compared to its average volume of 4,971,343. The firm has a market capitalization of $63.01 billion, a price-to-earnings ratio of 11.53 and a beta of 1.02. The firm has a 50-day simple moving average of $28.58 and a 200-day simple moving average of $27.33. Enterprise Products Partners has a 1 year low of $25.19 and a 1 year high of $29.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping 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 net margin of 11.12% and a return on equity of 19.65%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. Research analysts expect that Enterprise Products Partners will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Analysts Set New Price Targets

Several analysts have issued reports on EPD shares. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. Truist Financial increased their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Scotiabank increased their target price on shares of 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, Barclays increased their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.58.

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.