Enterprise Products Partners L.P. (EPD) to Issue Quarterly Dividend of $0.55 on February 13th

Enterprise Products Partners L.P. (NYSE:EPD) announced a quarterly dividend on Thursday, January 8th. Investors of record on Friday, January 30th will be paid a dividend of 0.55 per share by the oil and gas producer on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, January 30th. This is a 0.9% increase from Enterprise Products Partners’s previous quarterly dividend of $0.55.

Enterprise Products Partners has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 28 consecutive years. Enterprise Products Partners has a dividend payout ratio of 72.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Enterprise Products Partners to earn $3.05 per share next year, which means the company should continue to be able to cover its $2.18 annual dividend with an expected future payout ratio of 71.5%.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $32.07 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.60. The stock has a market cap of $69.37 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59. The firm has a 50-day moving average of $31.95 and a two-hundred day moving average of $31.60. Enterprise Products Partners has a 1 year low of $27.77 and a 1 year high of $34.53.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, October 29th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.07). Enterprise Products Partners had a net margin of 10.92% and a return on equity of 19.40%. The firm had revenue of $12.02 billion during the quarter, compared to analysts’ expectations of $11.83 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, research analysts forecast that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John R. Rutherford purchased 15,000 shares of the business’s stock in a transaction on Monday, December 29th. The shares were acquired at an average cost of $32.09 per share, with a total value of $481,350.00. Following the completion of the acquisition, the director owned 173,586 shares of the company’s stock, valued at $5,570,374.74. This trade represents a 9.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.60% of the stock is currently owned by company insiders.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently made changes to their positions in the business. Quantum Financial Planning Services Inc. purchased a new position in Enterprise Products Partners in the 2nd quarter worth $310,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Enterprise Products Partners by 7.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 151,631 shares of the oil and gas producer’s stock valued at $4,703,000 after purchasing an additional 9,979 shares during the period. Westbourne Investment Advisors Inc. purchased a new position in shares of Enterprise Products Partners in the second quarter worth about $657,000. Bridges Investment Management Inc. raised its stake in shares of Enterprise Products Partners by 5.9% in the second quarter. Bridges Investment Management Inc. now owns 203,738 shares of the oil and gas producer’s stock worth $6,318,000 after purchasing an additional 11,375 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in Enterprise Products Partners by 1.6% in the second quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,957,500 shares of the oil and gas producer’s stock valued at $60,702,000 after buying an additional 31,652 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

About Enterprise Products Partners

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.