Enterprise Products Partners (EPD) Announces Quarterly Dividend of $0.70
Enterprise Products Partners (NYSE:EPD) announced a quarterly dividend on Monday, January 13th, StockRatingsNetwork reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.70 per share on Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 4.39%.
A number of analysts have recently weighed in on EPD shares. Analysts at Deutsche Bank raised their price target on shares of Enterprise Products Partners from $70.00 to $74.00 in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Enterprise Products Partners in a research note to investors on Thursday, November 21st. They now have a $64.00 price target on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of Enterprise Products Partners in a research note to investors on Friday, November 1st. They now have a $63.28 price target on the stock, down previously from $70.00. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $68.03.
Enterprise Products Partners (NYSE:EPD) traded down 0.20% on Monday, hitting $63.82. The stock had a trading volume of 873,109 shares. Enterprise Products Partners has a 52 week low of $53.67 and a 52 week high of $66.92. The stock has a 50-day moving average of $63.1 and a 200-day moving average of $61.83. The company has a market cap of $58.785 billion and a price-to-earnings ratio of 23.25.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.03. The company had revenue of $12.09 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter last year, the company posted $0.66 earnings per share. Enterprise Products Partners’s revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that Enterprise Products Partners will post $2.80 earnings per share for the current fiscal year.
Enterprise Products Partners L.P. (NYSE:EPD) is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals.
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