Enterprise Products Partners (NYSE:EPD) Stock Price Down 1.4% - Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price traded down 1.4% on Monday . The stock traded as low as $29.85 and last traded at $30.04. 1,281,618 shares were traded during mid-day trading, a decline of 71% from the average session volume of 4,363,563 shares. The stock had previously closed at $30.46.

Analysts Set New Price Targets

Several brokerages recently issued reports on EPD. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Scotiabank increased their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners has an average rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Trading Up 1.5 %

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 fifty day moving average is $31.77 and its two-hundred day moving average is $32.01. The firm has a market capitalization of $67.35 billion, a PE ratio of 11.56, a PEG ratio of 1.37 and a beta of 0.67.

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

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.88%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. ING Groep NV bought a new stake in shares of Enterprise Products Partners in the first quarter valued at $71,052,000. Alps Advisors Inc. increased its holdings in Enterprise Products Partners by 5.0% in the 1st quarter. Alps Advisors Inc. now owns 41,326,613 shares of the oil and gas producer's stock worth $1,410,891,000 after acquiring an additional 1,967,188 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after acquiring an additional 1,947,017 shares during the period. Truist Financial Corp lifted its holdings in Enterprise Products Partners by 293.6% during the first quarter. Truist Financial Corp now owns 2,018,964 shares of the oil and gas producer's stock valued at $68,927,000 after purchasing an additional 1,506,055 shares during the last quarter. Finally, Barclays PLC boosted its position in Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after purchasing an additional 1,326,010 shares during the period. 26.07% of the stock is owned by institutional investors.

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.