Enterprise Products Partners (NYSE:EPD) Trading Down 0.4% – Time to Sell?

Shares of Enterprise Products Partners L.P. (NYSE:EPD) fell 0.4% during trading on Friday . The company traded as low as $33.79 and last traded at $33.97. 476,503 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 4,120,956 shares. The stock had previously closed at $34.10.

Analysts Set New Price Targets

A number of research firms recently commented on EPD. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Scotiabank lifted their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and an average price target of $35.90.

Enterprise Products Partners Stock Performance

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 $72.95 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The firm’s fifty day moving average price is $33.41 and its two-hundred day moving average price is $31.56.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s payout ratio is 79.55%.

Institutional Investors Weigh In On Enterprise Products Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Enterprise Products Partners by 11.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,068,284 shares of the oil and gas producer’s stock worth $33,501,000 after purchasing an additional 106,895 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Enterprise Products Partners by 0.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 476,485 shares of the oil and gas producer’s stock worth $14,943,000 after purchasing an additional 1,374 shares during the last quarter. Copia Wealth Management acquired a new stake in Enterprise Products Partners during the 4th quarter worth $35,000. Menard Financial Group LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $42,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $291,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.