Enterprise Products Partners (NYSE:EPD) Trading 0.9% Higher

Shares of Enterprise Products Partners L.P. (NYSE:EPD) were up 0.9% during mid-day trading on Thursday . The company traded as high as $28.72 and last traded at $28.65. Approximately 783,347 shares traded hands during trading, a decline of 84% from the average daily volume of 4,929,878 shares. The stock had previously closed at $28.39.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EPD shares. Barclays boosted 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 report on Tuesday, March 26th. Wells Fargo & Company boosted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Mizuho reissued a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Stifel Nicolaus boosted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.75.

Enterprise Products Partners Trading Up 0.8 %

The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $62.08 billion, a P/E ratio of 11.23 and a beta of 1.02. The business has a 50 day moving average price of $28.70 and a 200 day moving average price of $27.37.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. Enterprise Products Partners’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. Analysts anticipate that Enterprise Products Partners L.P. will post 2.7 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.20%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

Institutional Trading of Enterprise Products Partners

A number of large investors have recently bought and sold shares of EPD. TIAA Trust National Association bought a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $733,000. Financial Advocates Investment Management increased its stake in Enterprise Products Partners by 14.3% during the 3rd quarter. Financial Advocates Investment Management now owns 21,886 shares of the oil and gas producer’s stock worth $599,000 after purchasing an additional 2,742 shares in the last quarter. White Pine Investment CO grew its stake in shares of Enterprise Products Partners by 15.7% during the 3rd quarter. White Pine Investment CO now owns 19,880 shares of the oil and gas producer’s stock worth $544,000 after acquiring an additional 2,700 shares in the last quarter. Patten & Patten Inc. TN raised its holdings in shares of Enterprise Products Partners by 4.6% in the third quarter. Patten & Patten Inc. TN now owns 17,813 shares of the oil and gas producer’s stock valued at $488,000 after purchasing an additional 786 shares during the last quarter. Finally, Cedar Wealth Management LLC lifted its position in shares of Enterprise Products Partners by 42.9% in the third quarter. Cedar Wealth Management LLC now owns 13,499 shares of the oil and gas producer’s stock worth $369,000 after purchasing an additional 4,050 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

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.