Enterprise Products Partners (NYSE:EPD) Shares Down 0.3% - Should You Sell?

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $33.19 and last traded at $33.21. Approximately 776,303 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,787,600 shares. The stock had previously closed at $33.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EPD shares. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Truist Financial lifted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Scotiabank lifted their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Finally, Wells Fargo & Company cut Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.90.

Enterprise Products Partners Stock Up 2.1 %

The company has a 50-day simple moving average of $33.06 and a 200-day simple moving average of $31.25. The firm has a market cap of $72.40 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.37 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.

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

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Friday, January 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's payout ratio is currently 79.55%.

Institutional Trading of Enterprise Products Partners

Several institutional investors and hedge funds have recently modified their holdings of EPD. Farther Finance Advisors LLC raised its stake in shares of Enterprise Products Partners by 56.1% during the third quarter. Farther Finance Advisors LLC now owns 10,037 shares of the oil and gas producer's stock valued at $292,000 after acquiring an additional 3,607 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Enterprise Products Partners by 12.2% during the third quarter. Van ECK Associates Corp now owns 84,939 shares of the oil and gas producer's stock valued at $2,461,000 after acquiring an additional 9,209 shares in the last quarter. Graypoint LLC bought a new position in Enterprise Products Partners in the third quarter worth approximately $307,000. Trinity Legacy Partners LLC raised its stake in Enterprise Products Partners by 38.9% in the third quarter. Trinity Legacy Partners LLC now owns 53,960 shares of the oil and gas producer's stock worth $1,591,000 after buying an additional 15,110 shares in the last quarter. Finally, Sittner & Nelson LLC raised its stake in Enterprise Products Partners by 28.5% in the third quarter. Sittner & Nelson LLC now owns 12,726 shares of the oil and gas producer's stock worth $370,000 after buying an additional 2,822 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

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.