Enterprise Products Partners (NYSE:EPD) Trading Down 0% - Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price fell 0% on Friday . The stock traded as low as $32.21 and last traded at $32.29. 1,284,550 shares were traded during trading, a decline of 71% from the average session volume of 4,391,426 shares. The stock had previously closed at $32.29.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EPD. StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Barclays boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Morgan Stanley upped their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Citigroup lowered their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday. Four investment 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Stock Up 0.1%

The stock has a market capitalization of $70.09 billion, a PE ratio of 12.01, a PEG ratio of 1.37 and a beta of 0.67. The firm's fifty day moving average is $31.65 and its 200-day moving average is $32.09. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued 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). 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 during the quarter, compared to analysts' expectations of $14.14 billion. During the same period last year, the business posted $0.66 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.535 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.62%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV acquired a new position in shares of Enterprise Products Partners during the 1st quarter worth approximately $71,052,000. Alps Advisors Inc. raised its position in shares of Enterprise Products Partners by 5.0% during 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 purchasing an additional 1,967,188 shares during the last quarter. Kayne Anderson Capital Advisors LP grew 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 worth $426,125,000 after acquiring an additional 1,947,017 shares during the period. JPMorgan Chase & Co. grew its stake in Enterprise Products Partners by 65.3% in the 1st quarter. JPMorgan Chase & Co. now owns 4,347,247 shares of the oil and gas producer's stock worth $148,415,000 after acquiring an additional 1,717,768 shares during the period. Finally, Truist Financial Corp grew its stake in Enterprise Products Partners by 293.6% in the 1st quarter. Truist Financial Corp now owns 2,018,964 shares of the oil and gas producer's stock worth $68,927,000 after acquiring an additional 1,506,055 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.

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