2 weeks Ago By ABMN Staff
Enterprise Products Partners L.P. ( NYSE:EPD – Get Free Report )’s share price traded up 0.
8% during mid-day trading on Friday . The company traded as high as $29.12 and last traded at $29.
12. 465,535 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 4,390,502 shares. The stock had previously closed at $28.
88. Analyst Upgrades and Downgrades Several brokerages have recently commented on EPD. Truist Financial boosted their price target on Enterprise Products Partners from $35.
00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.
com downgraded Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Finally, Morgan Stanley dropped their price target on Enterprise Products Partners from $35.00 to $34.
00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.
08. Get Our Latest Stock Report on Enterprise Products Partners Enterprise Products Partners Stock Up 1.0 % Enterprise Products Partners ( NYSE:EPD – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 30th.
The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.
02). The firm had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $14.
23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.
13%. The business’s quarterly revenue was up 26.6% on a year-over-year basis.
During the same period in the previous year, the company posted $0.57 EPS. On average, sell-side analysts predict that Enterprise Products Partners L.
P. will post 2.72 EPS for the current year.
Enterprise Products Partners Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a $0.525 dividend.
The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.
20%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.52.
Enterprise Products Partners’s payout ratio is currently 82.35%. Hedge Funds Weigh In On Enterprise Products Partners Large investors have recently added to or reduced their stakes in the business.
Cadence Bank increased its stake in shares of Enterprise Products Partners by 0.7% during the 1st quarter. Cadence Bank now owns 52,428 shares of the oil and gas producer’s stock valued at $1,530,000 after acquiring an additional 365 shares during the last quarter.
McAdam LLC increased its position in Enterprise Products Partners by 1.3% during the second quarter. McAdam LLC now owns 28,670 shares of the oil and gas producer’s stock worth $831,000 after purchasing an additional 372 shares during the last quarter.
Advisor OS LLC raised its stake in Enterprise Products Partners by 1.3% during the second quarter. Advisor OS LLC now owns 29,485 shares of the oil and gas producer’s stock worth $854,000 after purchasing an additional 379 shares during the period.
Ellsworth Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 1.8% in the 2nd quarter. Ellsworth Advisors LLC now owns 21,959 shares of the oil and gas producer’s stock valued at $636,000 after purchasing an additional 383 shares during the last quarter.
Finally, Stokes Family Office LLC grew its stake in shares of Enterprise Products Partners by 2.5% during the 2nd quarter. Stokes Family Office LLC now owns 16,139 shares of the oil and gas producer’s stock valued at $468,000 after buying an additional 399 shares during the period.
26.07% of the stock is currently owned by hedge funds and other institutional investors. About Enterprise Products Partners ( Get Free Report ) 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.
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