Enterprise Products Partners (NYSE:EPD) Shares Down 1.9% – Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD)’s share price was down 1.9% on Monday . The company traded as low as $36.38 and last traded at $36.5350. Approximately 3,666,028 shares traded hands during trading, a decline of 18% from the average daily volume of 4,464,924 shares. The stock had previously closed at $37.25.

Analyst Ratings Changes

A number of analysts recently weighed in on EPD shares. Barclays upped their target price on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. UBS Group reissued a “buy” rating and issued a $45.00 price target on shares of Enterprise Products Partners in a report on Wednesday. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $42.00 in a report on Wednesday, March 25th. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Finally, TD Cowen reissued a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a report on Thursday, April 16th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Hold” and an average target price of $39.94.

Enterprise Products Partners Stock Up 0.0%

The company has a market cap of $78.83 billion, a PE ratio of 13.51, a PEG ratio of 1.30 and a beta of 0.49. The stock’s 50 day moving average price is $37.93 and its 200-day moving average price is $35.78. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The business had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. During the same period last year, the company posted $0.64 EPS. Enterprise Products Partners’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.0%. Enterprise Products Partners’s dividend payout ratio is 81.48%.

Insider Activity

In other Enterprise Products Partners news, CEO Aj Teague acquired 2,665 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the purchase, the chief executive officer owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 32.60% of the company’s stock.

Institutional Investors Weigh In On Enterprise Products Partners

Institutional investors have recently added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Enterprise Products Partners during the 3rd quarter valued at $31,000. Texas Capital Bancshares Inc TX purchased a new stake in Enterprise Products Partners during the 3rd quarter valued at $32,000. Daytona Street Capital LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $42,000. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.