Enterprise Products Partners (NYSE:EPD) Shares Down 0.5% Following Analyst Downgrade

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) fell 0.5% during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $37.00 to $36.00. Barclays currently has an overweight rating on the stock. Enterprise Products Partners traded as low as $31.93 and last traded at $32.02. 688,519 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 5,173,618 shares. The stock had previously closed at $32.19.

Other research analysts also recently issued research reports about the stock. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Morgan Stanley increased their price target 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. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.56.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Enterprise Products Partners during the first quarter valued at $27,000. Tidemark LLC grew its position in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 318 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Enterprise Products Partners during the first quarter worth about $28,000. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the fourth quarter worth about $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners in the fourth quarter valued at approximately $30,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company has a fifty day moving average price of $31.61 and a 200 day moving average price of $32.18. The company has a market capitalization of $69.50 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.68%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 80.15%.

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.

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