Enterprise Products Partners (NYSE:EPD) Stock Price Up 0.2%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) rose 0.2% during trading on Tuesday . The company traded as high as $29.45 and last traded at $29.45. Approximately 306,820 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 4,576,409 shares. The stock had previously closed at $29.39.

Wall Street Analyst Weigh In

EPD has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Morgan Stanley dropped their price target on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Finally, Truist Financial upped their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.08.

Enterprise Products Partners Stock Down 0.7 %

The company has a market cap of $63.37 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a 50-day moving average price of $29.11 and a 200 day moving average price of $28.64.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.18%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.525 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.10 dividend on an annualized basis and a yield of 7.20%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.52. Enterprise Products Partners’s payout ratio is currently 82.35%.

Institutional Investors Weigh In On Enterprise Products Partners

Several institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. bought a new position in Enterprise Products Partners in the 2nd quarter valued at about $25,000. Stephens Consulting LLC bought a new position in Enterprise Products Partners in the first quarter valued at approximately $29,000. Palisade Asset Management LLC bought a new stake in Enterprise Products Partners during the first quarter worth $29,000. Mascoma Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at $29,000. Finally, Burkett Financial Services LLC bought a new position in shares of Enterprise Products Partners in the 4th quarter valued at $28,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Company Profile

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.