Enterprise Products Partners (NYSE:EPD) Stock Price Down 0.3%

Enterprise Products Partners L.P. (NYSE:EPD) fell 0.3% on Monday . The company traded as low as $29.02 and last traded at $29.10. 398,870 shares changed hands during trading, a decline of 91% from the average session volume of 4,381,117 shares. The stock had previously closed at $29.18.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EPD. Morgan Stanley decreased their price objective on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. Truist Financial lifted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus target price of $33.08.

Enterprise Products Partners Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. The firm’s 50-day moving average is $29.14 and its two-hundred day moving average is $28.94. The stock has a market cap of $63.66 billion, a P/E ratio of 11.50, a PEG ratio of 1.50 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The company had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $14.23 billion. During the same quarter last year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.72 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend was Wednesday, July 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.52. Enterprise Products Partners’s payout ratio is 82.35%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at $25,000. Stephens Consulting LLC bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at $29,000. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at $29,000. Mascoma Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at $29,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at $37,000. 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.