Enterprise Products Partners L.P. (NYSE:EPD) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 10,171,238 shares, an increase of 67.7% from the October 14th total of 6,064,857 shares. Based on an average daily trading volume, of 5,980,647 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are short sold.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.26 on Tuesday. The firm’s 50-day moving average price is $26.41 and its 200 day moving average price is $27.28. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11. The company has a market capitalization of $53.10 billion, a PE ratio of 20.55 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.87 billion. Enterprise Products Partners L.P. had a return on equity of 11.95% and a net margin of 11.19%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. Equities analysts predict that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 31st were paid a dividend of $0.405 per share. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Thursday, October 27th. Enterprise Products Partners L.P.’s dividend payout ratio is presently 131.71%.

A number of equities analysts have recently issued reports on the company. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.50 price target on the stock in a research note on Monday, August 1st. Stifel Nicolaus restated a “buy” rating and issued a $32.00 price target on shares of Enterprise Products Partners L.P. in a research note on Monday, October 31st. Jefferies Group restated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Sunday, October 16th. 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 note on Friday, July 29th. 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 note on Wednesday, August 31st. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.70.

Large investors have recently bought and sold shares of the company. Virtus ETF Advisers LLC raised its stake in Enterprise Products Partners L.P. by 77.4% in the third quarter. Virtus ETF Advisers LLC now owns 270,408 shares of the company’s stock valued at $7,471,000 after buying an additional 117,984 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Enterprise Products Partners L.P. during the third quarter valued at about $1,745,000. Ardsley Advisory Partners purchased a new stake in Enterprise Products Partners L.P. during the third quarter valued at about $207,000. Destination Wealth Management purchased a new stake in Enterprise Products Partners L.P. during the third quarter valued at about $437,000. Finally, Johnson Investment Counsel Inc. raised its stake in Enterprise Products Partners L.P. by 2.2% in the third quarter. Johnson Investment Counsel Inc. now owns 142,287 shares of the company’s stock valued at $3,931,000 after buying an additional 3,017 shares during the last quarter. 35.76% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners L.P. Company Profile

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

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