Enterprise Products Partners (NYSE:EPD) Stock Price Down 0% - Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price fell 0% on Wednesday . The stock traded as low as $34.06 and last traded at $34.21. 451,662 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 4,204,550 shares. The stock had previously closed at $34.22.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EPD. Scotiabank lifted their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Truist Financial raised their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.60.

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Enterprise Products Partners Stock Down 7.9 %

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 firm has a market cap of $66.76 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.37 and a beta of 0.78. The firm has a fifty day moving average price of $33.47 and a 200-day moving average price of $31.84.

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

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.535 per share. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.94%. Enterprise Products Partners's payout ratio is presently 79.55%.

Institutional Trading of Enterprise Products Partners

Several large investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC raised its holdings in shares of Enterprise Products Partners by 11.3% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 8,350 shares of the oil and gas producer's stock valued at $243,000 after buying an additional 850 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Enterprise Products Partners by 0.5% during the third quarter. Integrated Wealth Concepts LLC now owns 122,371 shares of the oil and gas producer's stock valued at $3,562,000 after purchasing an additional 669 shares during the period. IHT Wealth Management LLC lifted its position in shares of Enterprise Products Partners by 17.0% during the third quarter. IHT Wealth Management LLC now owns 71,335 shares of the oil and gas producer's stock worth $2,080,000 after purchasing an additional 10,350 shares in the last quarter. Mission Creek Capital Partners Inc. purchased a new position in shares of Enterprise Products Partners in the third quarter valued at $245,000. Finally, Recurrent Investment Advisors LLC grew its holdings in Enterprise Products Partners by 3.5% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,608,773 shares of the oil and gas producer's stock valued at $46,831,000 after purchasing an additional 54,394 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.