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Enterprise Products Partners (NYSE:EPD) is trading 0.4% higher

The stock price of Enterprise Products Partners LP ( NYSE:EPD – Get Free Report ) rose 0.4% in afternoon trading on Monday. The stock traded as high as $28.67 and last traded at $28.67. Approximately 996,572 shares traded during afternoon trading, an 80% decline from the average daily volume of 4,871,792 shares. The stock previously closed at $28.56.

Wall Street analysts predict growth

Several equity research analysts have issued reports on EPD stock. JPMorgan Chase & Co. lowered the price target for Enterprise Products Partners from $33.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Stifel Nicolaus raised their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4. Finally, Barclays raised their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Average Buy” and a consensus target price of $32.69.

Read our latest inventory analysis from Enterprise Products Partners

Enterprise Products Partners Stock Performance

The company has a market cap of $62.17 billion, a price-to-earnings ratio of 11.20 and a beta of 1.02. The company has a fifty day moving average of $28.83 and a two hundred day moving average of $27.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30. The oil and gas producer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. In the same quarter last year, the company earned earnings per share of $0.64. The company’s revenue rose 18.6% year over year. As a group, equity research analysts predict that Enterprise Products Partners LP will post earnings per share of 2.7 for the current fiscal year.

Enterprise Products Partners announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14. A dividend of $0.515 was paid to known shareholders on Tuesday, April 30. The ex-dividend date of this dividend was Monday, April 29. This represents a dividend of $2.06 annually and a dividend yield of 7.20%. Enterprise Products Partners’ payout percentage is 80.78%.

Hedge funds weigh heavily on Enterprise Products Partners

Several hedge funds and other institutional investors have recently changed their positions in the company. Alps Advisors Inc. increased its stake in Enterprise Products Partners by 20.2% in the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after purchasing an additional 6,369,350 shares in the last quarter. Blackstone Inc. increased its stake in Enterprise Products Partners by 6.3% in the first quarter. Blackstone Inc. now owns 23,533,643 shares of the oil and gas producer’s stock worth $686,712,000 after purchasing an additional 1,391,370 shares in the last quarter. American Century Companies Inc. increased its stake in Enterprise Products Partners by 14.2% in the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after purchasing an additional 2,155,640 shares in the last quarter. Energy Income Partners LLC grew its stake in Enterprise Products Partners by 0.9% in the first quarter. Energy Income Partners LLC now owns 15,618,956 shares of the oil and gas producer’s stock worth $455,761,000 after purchasing an additional 142,689 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake in Enterprise Products Partners by 2.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 11,175,161 shares of the oil and gas producer’s stock worth $326,091,000 after purchasing an additional 284,772 shares in the last quarter. Institutional investors own 26.07% of the company’s shares.

Enterprise Products Partners Company Profile

(Get a free report)

Enterprise Products Partners LP 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.

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