Stock Traders Purchase Large Volume of Call Options on Enterprise Products Partners (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) was the target of some unusual options trading activity on Tuesday. Investors bought 46,367 call options on the company. This is an increase of approximately 228% compared to the typical volume of 14,142 call options.

Institutional Investors Weigh In On Enterprise Products Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Leigh Baldwin & CO. LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter valued at approximately $291,000. Armis Advisers LLC bought a new position in Enterprise Products Partners in the 4th quarter valued at $237,000. Integrated Advisors Network LLC increased its stake in shares of Enterprise Products Partners by 3.4% in the 4th quarter. Integrated Advisors Network LLC now owns 31,932 shares of the oil and gas producer’s stock valued at $1,001,000 after buying an additional 1,054 shares during the period. Wilkins Miller Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter worth $202,000. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of Enterprise Products Partners by 0.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 103,093 shares of the oil and gas producer’s stock valued at $3,233,000 after acquiring an additional 647 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EPD shares. Truist Financial boosted their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Scotiabank started coverage on Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and an average target price of $34.70.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $33.09 on Thursday. Enterprise Products Partners has a 1-year low of $27.26 and a 1-year high of $34.63. The firm’s 50-day moving average price is $32.76 and its two-hundred day moving average price is $31.04. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $71.71 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 1.37 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. On average, equities analysts predict that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.535 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.47%. Enterprise Products Partners’s dividend payout ratio is 79.55%.

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.