Enterprise Products Partners L.P. (NYSE:EPD) Short Interest Update

Enterprise Products Partners L.P. (NYSE:EPD) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 26,740,000 shares, an increase of 17.1% from the January 15th total of 22,830,000 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 4,480,000 shares, the short-interest ratio is presently 6.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Citigroup raised their target price on Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. 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 research note on Wednesday, December 18th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and an average price target of $34.70.

Institutional Trading of Enterprise Products Partners

Hedge funds and other institutional investors have recently modified their holdings of the business. Recurrent Investment Advisors LLC raised its holdings in shares of Enterprise Products Partners by 14.7% during the 4th quarter. Recurrent Investment Advisors LLC now owns 1,845,243 shares of the oil and gas producer’s stock valued at $57,867,000 after purchasing an additional 236,470 shares in the last quarter. Progeny 3 Inc. raised its holdings in Enterprise Products Partners by 1.6% during the fourth quarter. Progeny 3 Inc. now owns 1,871,534 shares of the oil and gas producer’s stock valued at $58,691,000 after buying an additional 29,500 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Enterprise Products Partners by 31.4% in the fourth quarter. Quantinno Capital Management LP now owns 11,890 shares of the oil and gas producer’s stock worth $373,000 after buying an additional 2,840 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Enterprise Products Partners by 1.8% during the 4th quarter. Pathstone Holdings LLC now owns 310,037 shares of the oil and gas producer’s stock worth $9,723,000 after acquiring an additional 5,386 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Enterprise Products Partners by 58.9% during the fourth quarter. Nuveen Asset Management LLC now owns 726,562 shares of the oil and gas producer’s stock valued at $22,785,000 after purchasing an additional 269,446 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

EPD traded up $0.31 during trading on Monday, reaching $33.52. The stock had a trading volume of 4,566,851 shares, compared to its average volume of 5,115,015. The stock has a 50 day moving average of $32.50 and a two-hundred day moving average of $30.79. 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 has a market capitalization of $72.65 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. Enterprise Products Partners has a 1-year low of $26.64 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.07 billion. During the same period in the previous year, the business earned $0.72 earnings per share. Enterprise Products Partners’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Enterprise Products Partners will post 2.87 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.535 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a yield of 6.39%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 79.55%.

Enterprise Products Partners Company Profile

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.