Enterprise Products Partners Sees Unusually High Options Volume (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 26,765 call options on the stock. This represents an increase of 78% compared to the typical daily volume of 15,068 call options.

Analyst Upgrades and Downgrades

A number of analysts have commented on EPD shares. Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Truist Financial raised their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Barclays boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Enterprise Products Partners Trading Up 0.7 %

Shares of EPD traded up $0.23 on Wednesday, reaching $33.73. 1,515,437 shares of the company’s stock were exchanged, compared to its average volume of 4,118,272. Enterprise Products Partners has a 12 month low of $27.37 and a 12 month high of $34.63. The stock has a market capitalization of $73.04 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average price of $33.43 and a two-hundred day moving average price of $31.64.

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

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.35%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 79.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Enterprise Products Partners by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,068,284 shares of the oil and gas producer’s stock worth $33,501,000 after purchasing an additional 106,895 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Enterprise Products Partners by 0.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 476,485 shares of the oil and gas producer’s stock worth $14,943,000 after acquiring an additional 1,374 shares in the last quarter. Copia Wealth Management acquired a new position in Enterprise Products Partners in the fourth quarter valued at about $35,000. Menard Financial Group LLC bought a new stake in shares of Enterprise Products Partners in the fourth quarter worth about $42,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $291,000. Institutional investors own 26.07% of the company’s stock.

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.