Enterprise Products Partners (NYSE:EPD) Stock Price Up 2% – What’s Next?

Shares of Enterprise Products Partners L.P. (NYSE:EPD) were up 2% during trading on Monday . The company traded as high as $38.18 and last traded at $37.9450. Approximately 2,834,600 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 4,721,238 shares. The stock had previously closed at $37.19.

Wall Street Analyst Weigh In

EPD has been the topic of several analyst reports. Barclays increased their price target on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Scotiabank raised their target price on Enterprise Products Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, March 17th. Morgan Stanley reaffirmed an “underweight” rating and issued a $42.00 target price on shares of Enterprise Products Partners in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. raised their target price on Enterprise Products Partners from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.93.

Enterprise Products Partners Price Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. The stock has a market cap of $82.03 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.40 and a beta of 0.52. The business’s 50-day simple moving average is $37.61 and its two-hundred day simple moving average is $34.43.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.56%. The company had revenue of $14.39 billion during the quarter, compared to analyst estimates of $13.62 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Research analysts expect that Enterprise Products Partners L.P. will post 2.92 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be given a $0.55 dividend. The ex-dividend date is Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.8%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.48%.

Insiders Place Their Bets

In related news, CEO Aj Teague bought 2,665 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the transaction, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This represents a 3.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 32.60% of the stock is owned by corporate insiders.

Institutional Trading of Enterprise Products Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in Enterprise Products Partners by 0.6% in the fourth quarter. Alps Advisors Inc. now owns 42,639,131 shares of the oil and gas producer’s stock valued at $1,367,011,000 after buying an additional 260,305 shares in the last quarter. Auto Owners Insurance Co raised its stake in shares of Enterprise Products Partners by 3,106.0% during the fourth quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock valued at $102,784,000 after acquiring an additional 31,060,000 shares during the last quarter. Morgan Stanley raised its stake in shares of Enterprise Products Partners by 4.8% during the fourth quarter. Morgan Stanley now owns 19,116,333 shares of the oil and gas producer’s stock valued at $612,870,000 after acquiring an additional 883,983 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Enterprise Products Partners by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,163,343 shares of the oil and gas producer’s stock valued at $582,317,000 after acquiring an additional 1,940,583 shares during the last quarter. Finally, Energy Income Partners LLC raised its stake in shares of Enterprise Products Partners by 0.6% during the third quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock valued at $459,829,000 after acquiring an additional 80,884 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.