Enterprise Products Partners (NYSE:EPD) Trading Down 0.4% - Time to Sell?

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) were down 0.4% during mid-day trading on Tuesday . The stock traded as low as $31.28 and last traded at $31.44. Approximately 616,217 shares changed hands during trading, a decline of 86% from the average daily volume of 4,292,135 shares. The stock had previously closed at $31.58.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EPD. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Bank of America initiated coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 target price for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of "Buy" and a consensus target price of $34.00.

Enterprise Products Partners Trading Down 0.9 %

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 50 day moving average price of $30.87 and a two-hundred day moving average price of $29.71. The company has a market cap of $67.82 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.67 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The company had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 6.71%. Enterprise Products Partners's dividend payout ratio is currently 78.65%.

Institutional Trading of Enterprise Products Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at about $25,000. Mascoma Wealth Management LLC bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 1,000 shares in the last quarter. Assetmark Inc. grew its stake in shares of Enterprise Products Partners by 19,800.0% during the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock worth $35,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Enterprise Products Partners in the third quarter worth about $36,000. 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.