Enterprise Products Partners (NYSE:EPD) Stock Price Down 0.1% - Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) dropped 0.1% during mid-day trading on Tuesday . The stock traded as low as $29.70 and last traded at $29.97. Approximately 1,490,274 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 4,364,694 shares. The stock had previously closed at $30.00.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EPD. JPMorgan Chase & Co. raised their price target 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. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Barclays boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Stock Up 2.1 %

The stock has a market cap of $67.06 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.37 and a beta of 0.67. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a 50-day simple moving average of $31.87 and a two-hundred day simple moving average of $31.99.

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

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.91%. Enterprise Products Partners's payout ratio is currently 80.15%.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton boosted its holdings in Enterprise Products Partners by 364.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after buying an additional 656 shares during the period. Tidemark LLC grew its stake in Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners during the 4th quarter worth about $29,000. Crowley Wealth Management Inc. bought a new position in shares of Enterprise Products Partners in the 4th quarter worth $30,000. Finally, Security National Bank bought a new position in shares of Enterprise Products Partners during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

About Enterprise Products Partners

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.