Enterprise Products Partners L.P. (NYSE:EPD) had declared a cash dividend of $0.3950 on Apr 11, 2016. The shares will quote ex-dividend on Apr 27, 2016 and the record date has been fixed on Apr 29, 2016. At Apr 11, 2016 share price, the yield comes out to be 6.4754%. The dividend payable date has been fixed on May 6, 2016.
In a different note, On Apr 1, 2016, Piper Jaffray said it Assumes its rating on Enterprise Products Partners L.P.. The shares have been rated ‘Overweight’ by the firm. Mitsubishi UFG said it Initiates Coverage on Enterprise Products Partners L.P., according to a research note issued on Mar 31, 2016. The shares have been rated ‘Overweight’ by the firm. On Mar 17, 2016, Credit Suisse said it Downgrades its rating on Enterprise Products Partners L.P.. The shares have been rated ‘Neutral’ by the firm. On Jan 20, 2016, Morgan Stanley said it Upgrades its rating on Enterprise Products Partners L.P.. The shares have been rated ‘Overweight’ by the firm. On Jan 14, 2016, Jefferies said it Maintains its rating on Enterprise Products Partners L.P.. According to the research note, Jefferies Lowers the price target to $34 per share from a prior target of $35. The shares have been rated ‘Buy’ by the firm.
Enterprise Products Partners L.P. (EPD) shares turned negative on Fridays trading session with the shares closing down -0.38 points or -1.56% at a volume of 39,69,567. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.39. The peak price level was also seen at $24.39 while the days lowest was $23.96. Finally the shares closed at $23.98. The 52-week high of the shares is $34.73 while the 52-week low is $19. According to the latest information available, the market cap of the company is $48,470 M.
Enterprise Products Partners L.P.(EPD) last announced its earnings results on Jan 28, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $6.16B. Analysts had an estimated revenue of $7.74B. Earnings per share were $0.35. Analysts had estimated an EPS of $0.35.
Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Randa Duncan Williams (director 10% owner) purchased 10,000 shares at $24.00 per share price.Also, On Feb 17, 2016, Carin Marcy Barth (director) purchased 5,000 shares at $20.52 per share price.On Feb 11, 2016, William C Montgomery (director) purchased 10,000 shares at $19.69 per share price, according to the Form-4 filing with the securities and exchange commission.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas natural gas liquids (NGLs) crude oil petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5400 miles of onshore crude oil pipelines crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.