Enterprise Products Partners (NYSE:EPD) Shares Down 0.6% - Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) dropped 0.6% during mid-day trading on Monday . The stock traded as low as $32.52 and last traded at $32.60. Approximately 953,883 shares were traded during trading, a decline of 78% from the average daily volume of 4,313,083 shares. The stock had previously closed at $32.80.

Wall Street Analysts Forecast Growth

EPD has been the topic of several analyst reports. Bank of America initiated coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, StockNews.com downgraded shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 12th. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $34.00.

Enterprise Products Partners Price Performance

The firm has a fifty day moving average of $30.50 and a two-hundred day moving average of $29.52. The stock has a market capitalization of $70.42 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

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

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.46%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.

Institutional Trading of Enterprise Products Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Enterprise Products Partners by 16.2% in the third quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer's stock valued at $4,628,000 after buying an additional 21,834 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of Enterprise Products Partners by 61.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock valued at $3,954,000 after purchasing an additional 51,809 shares during the last quarter. Synovus Financial Corp boosted its stake in Enterprise Products Partners by 20.0% in the 3rd quarter. Synovus Financial Corp now owns 50,140 shares of the oil and gas producer's stock worth $1,460,000 after purchasing an additional 8,361 shares in the last quarter. Optimist Retirement Group LLC grew its position in Enterprise Products Partners by 3.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 67,080 shares of the oil and gas producer's stock worth $1,953,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in Enterprise Products Partners by 1,183.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 91,725 shares of the oil and gas producer's stock valued at $2,670,000 after purchasing an additional 84,578 shares in the last quarter. 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.

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