Enterprise Products Partners (NYSE:EPD) Shares Down 0.1% – Here’s What Happened

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.1% during mid-day trading on Tuesday . The stock traded as low as $31.55 and last traded at $33.09. 2,339,504 shares changed hands during trading, a decline of 50% from the average session volume of 4,697,066 shares. The stock had previously closed at $33.13.

Analyst Ratings Changes

A number of equities research analysts recently commented on EPD shares. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Bank of America assumed coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a report on Wednesday, December 18th. Scotiabank started coverage on Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Enterprise Products Partners Trading Down 1.0 %

The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average is $32.55 and its two-hundred day moving average is $30.57. The firm has a market cap of $71.11 billion, a P/E ratio of 12.29, a PEG ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period last year, the business earned $0.72 EPS. Enterprise Products Partners’s revenue was down 2.9% compared to the same quarter last year. Analysts predict that Enterprise Products Partners L.P. will post 2.67 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.535 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.52%. Enterprise Products Partners’s payout ratio is currently 80.15%.

Institutional Trading of Enterprise Products Partners

Several large investors have recently modified their holdings of EPD. IFP Advisors Inc raised its stake in Enterprise Products Partners by 14.1% during the 4th quarter. IFP Advisors Inc now owns 105,003 shares of the oil and gas producer’s stock worth $3,293,000 after acquiring an additional 12,998 shares during the period. J. W. Coons Advisors LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $210,000. Mainstay Capital Management LLC ADV bought a new stake in Enterprise Products Partners in the fourth quarter worth about $240,000. Capital Advisors Ltd. LLC boosted its stake in shares of Enterprise Products Partners by 3.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 9,233 shares of the oil and gas producer’s stock valued at $290,000 after purchasing an additional 344 shares during the period. Finally, World Equity Group Inc. purchased a new position in shares of Enterprise Products Partners during the fourth quarter valued at $494,000. Institutional investors 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.