Enterprise Products Partners (NYSE:EPD) Shares Down 4.1% - Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares dropped 4.1% during trading on Monday . The company traded as low as $27.77 and last traded at $29.59. Approximately 6,911,189 shares changed hands during trading, an increase of 62% from the average daily volume of 4,262,353 shares. The stock had previously closed at $30.85.

Analysts Set New Price Targets

EPD has been the topic of a number of analyst reports. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Finally, Barclays lifted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Stock Up 0.6 %

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 firm's 50 day moving average is $32.92 and its two-hundred day moving average is $31.84. The firm has a market capitalization of $63.08 billion, a P/E ratio of 10.81, a PEG ratio of 1.37 and a beta of 0.78.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the business earned $0.72 EPS. Enterprise Products Partners's revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 7.35%. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sovereign Financial Group Inc. boosted its position in shares of Enterprise Products Partners by 3.5% in the first quarter. Sovereign Financial Group Inc. now owns 14,967 shares of the oil and gas producer's stock valued at $511,000 after acquiring an additional 500 shares during the period. Magnus Financial Group LLC boosted its holdings in Enterprise Products Partners by 1.6% in the 1st quarter. Magnus Financial Group LLC now owns 51,663 shares of the oil and gas producer's stock valued at $1,764,000 after purchasing an additional 826 shares during the period. Hudson Capital Management LLC acquired a new position in shares of Enterprise Products Partners during the 1st quarter worth approximately $213,000. Retirement Planning Group LLC bought a new position in shares of Enterprise Products Partners during the first quarter worth approximately $214,000. Finally, Chesley Taft & Associates LLC raised its position in shares of Enterprise Products Partners by 9.9% in the first quarter. Chesley Taft & Associates LLC now owns 21,544 shares of the oil and gas producer's stock valued at $736,000 after buying an additional 1,944 shares in the last quarter. 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.