Enterprise Products Partners (NYSE:EPD) Shares Down 1.6% – Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD)’s stock price fell 1.6% during trading on Thursday . The company traded as low as $36.49 and last traded at $36.6050. 3,702,725 shares were traded during mid-day trading, a decline of 23% from the average session volume of 4,839,299 shares. The stock had previously closed at $37.20.

Analysts Set New Price Targets

A number of analysts have issued reports on EPD shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Wolfe Research cut shares of Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a research note on Thursday, January 22nd. Citigroup reiterated a “buy” rating and set a $39.00 price objective (up from $36.00) on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company boosted 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 report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.57.

Enterprise Products Partners Price Performance

The firm has a market capitalization of $79.13 billion, a P/E ratio of 13.76, a P/E/G ratio of 2.61 and a beta of 0.59. The stock’s 50 day simple moving average is $34.59 and its 200 day simple moving average is $32.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $13.79 billion for the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.Enterprise Products Partners’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.55 dividend. The ex-dividend date was Friday, January 30th. This represents a $2.20 annualized dividend and a dividend yield of 6.0%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 82.71%.

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford acquired 15,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the purchase, the director owned 173,586 shares in the company, valued at approximately $5,570,374.74. This trade represents a 9.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 32.60% of the company’s stock.

Institutional Investors Weigh In On Enterprise Products Partners

Hedge funds have recently made changes to their positions in the stock. Tred Avon Family Wealth LLC acquired a new stake in Enterprise Products Partners in the 3rd quarter worth approximately $1,015,000. Tectonic Advisors LLC increased its stake in Enterprise Products Partners by 10.0% during the 3rd quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock valued at $21,225,000 after purchasing an additional 61,669 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Enterprise Products Partners by 20.2% in the third quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock worth $7,189,000 after buying an additional 38,660 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Enterprise Products Partners by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock worth $39,153,000 after buying an additional 36,339 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Enterprise Products Partners by 118.9% during the second quarter. Corient Private Wealth LLC now owns 2,407,544 shares of the oil and gas producer’s stock worth $74,658,000 after buying an additional 1,307,485 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.