Enterprise Products Partners (NYSE:EPD) Shares Down 0.8%

Enterprise Products Partners L.P. (NYSE:EPD) shares were down 0.8% during trading on Wednesday . The company traded as low as $27.83 and last traded at $27.86. Approximately 1,571,400 shares were traded during trading, a decline of 68% from the average daily volume of 4,962,457 shares. The stock had previously closed at $28.08.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Barclays lifted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Finally, Stifel Nicolaus boosted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $32.75.

Enterprise Products Partners Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a market cap of $60.93 billion, a price-to-earnings ratio of 11.02 and a beta of 1.02. The business’s 50 day moving average is $28.64 and its 200 day moving average is $27.35.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. Enterprise Products Partners’s quarterly revenue was up 18.6% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners L.P. will post 2.67 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.33%. Enterprise Products Partners’s dividend payout ratio is presently 80.78%.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Enterprise Products Partners by 7.2% in the first quarter. Larson Financial Group LLC now owns 11,045 shares of the oil and gas producer’s stock worth $322,000 after buying an additional 746 shares during the last quarter. Callan Capital LLC raised its holdings in shares of Enterprise Products Partners by 3.1% during the 1st quarter. Callan Capital LLC now owns 23,386 shares of the oil and gas producer’s stock valued at $682,000 after purchasing an additional 705 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Enterprise Products Partners by 7.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 18,017 shares of the oil and gas producer’s stock valued at $526,000 after purchasing an additional 1,272 shares during the last quarter. Chevy Chase Trust Holdings LLC acquired a new position in Enterprise Products Partners during the first quarter worth $219,000. Finally, GSA Capital Partners LLP raised its holdings in Enterprise Products Partners by 135.2% during the first quarter. GSA Capital Partners LLP now owns 22,030 shares of the oil and gas producer’s stock valued at $643,000 after buying an additional 12,663 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.