By otakuyassine3@gmail.com 
Enterprise Products Partners L.P. (NYSE:EPD – Get Free Report) saw some unusual options trading on Tuesday. Stock traders acquired 34,749 call options on the stock. This represents an increase of 263% compared to the typical daily volume of 9,561 call options.
Enterprise Products Partners Stock Performance
Shares of EPD traded up $0.89 during trading hours on Tuesday, hitting $33.43. The stock had a trading volume of 4,550,355 shares, compared to its average volume of 3,825,566. The firm has a market capitalization of $72.46 billion, a PE ratio of 12.52, a PEG ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners has a 12 month low of $26.12 and a 12 month high of $34.63. The stock has a fifty day moving average price of $31.79 and a 200 day moving average price of $30.11.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. Enterprise Products Partners’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. Analysts anticipate that Enterprise Products Partners will post 2.69 EPS for the current year.
Enterprise Products Partners Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.40%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.
Hedge Funds Weigh In On Enterprise Products Partners
Several large investors have recently made changes to their positions in EPD. Parallel Advisors LLC grew its position in shares of Enterprise Products Partners by 8.1% during the second quarter. Parallel Advisors LLC now owns 45,635 shares of the oil and gas producer’s stock valued at $1,323,000 after purchasing an additional 3,409 shares in the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of Enterprise Products Partners in the 2nd quarter valued at about $439,000. Oppenheimer Asset Management Inc. boosted its stake in Enterprise Products Partners by 1.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 63,938 shares of the oil and gas producer’s stock worth $1,853,000 after buying an additional 611 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Enterprise Products Partners by 10.3% during the second quarter. J.W. Cole Advisors Inc. now owns 53,846 shares of the oil and gas producer’s stock valued at $1,560,000 after buying an additional 5,014 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of Enterprise Products Partners by 0.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 446,639 shares of the oil and gas producer’s stock valued at $12,945,000 after purchasing an additional 1,684 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Bank of America began coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday. Wells Fargo & Company downgraded Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Finally, US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.
Check Out Our Latest Report on EPD
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.
Recommended Stories
Receive News & Ratings for Enterprise Products Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Enterprise Products Partners and related companies with MarketBeat.com’s FREE daily email newsletter.