Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly dividend on Wednesday, October 5th. Stockholders of record on Monday, October 31st will be given a dividend of 0.405 per share on Monday, November 7th. This represents a $1.62 annualized dividend and a dividend yield of 6.07%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.71 on Wednesday. The stock has a market cap of $55.87 billion, a P/E ratio of 21.33 and a beta of 0.93. Enterprise Products Partners L.P. has a 52-week low of $19.00 and a 52-week high of $30.11. The stock has a 50 day moving average price of $26.87 and a 200 day moving average price of $27.08.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.04. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

Dividend History for Enterprise Products Partners L.P. (NYSE:EPD)

Several hedge funds have recently added to or reduced their stakes in EPD. Keeley Asset Management Corp increased its stake in Enterprise Products Partners L.P. by 0.5% in the second quarter. Keeley Asset Management Corp now owns 10,423 shares of the company’s stock worth $305,000 after buying an additional 47 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in shares of Enterprise Products Partners L.P. by 4.7% in the second quarter. Mycio Wealth Partners LLC now owns 8,836 shares of the company’s stock valued at $259,000 after buying an additional 400 shares in the last quarter. Burney Co. increased its stake in shares of Enterprise Products Partners L.P. by 1.6% in the second quarter. Burney Co. now owns 34,842 shares of the company’s stock valued at $1,019,000 after buying an additional 536 shares in the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of Enterprise Products Partners L.P. by 5.7% in the second quarter. Frontier Investment Mgmt Co. now owns 12,194 shares of the company’s stock valued at $357,000 after buying an additional 660 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of Enterprise Products Partners L.P. by 5.1% in the second quarter. Krilogy Financial LLC now owns 17,950 shares of the company’s stock valued at $525,000 after buying an additional 872 shares in the last quarter. Institutional investors and hedge funds own 35.67% of the company’s stock.

EPD has been the topic of a number of research analyst reports. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.33 target price on the stock in a research report on Monday, June 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Credit Suisse Group AG restated a “hold” rating on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Morgan Stanley cut Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $33.00 to $30.00 in a research report on Thursday, August 18th. Finally, Wunderlich dropped their price target on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.88.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

Receive News & Stock Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related stocks with our FREE daily email newsletter.