Enterprise Products Partners (NYSE:EPD) Trading Down 0.5% - Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) dropped 0.5% during mid-day trading on Wednesday . The stock traded as low as $33.44 and last traded at $33.57. Approximately 798,813 shares were traded during trading, a decline of 83% from the average daily volume of 4,732,548 shares. The stock had previously closed at $33.72.

Analysts Set New Price Targets

EPD has been the subject of several research reports. Truist Financial upped their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Scotiabank started coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 target price on the stock. 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, Citigroup boosted their target price on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Enterprise Products Partners currently has an average rating of "Moderate Buy" and an average target price of $34.70.

Enterprise Products Partners Stock Performance

The firm's fifty day moving average price is $32.63 and its 200 day moving average price is $30.93. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $72.41 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the business posted $0.72 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal 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 paid a dividend of $0.535 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.41%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Institutional Investors Weigh In On Enterprise Products Partners

Large investors have recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton increased its stake in Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after buying an additional 656 shares during the period. Tidemark LLC increased its stake in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after buying an additional 318 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Enterprise Products Partners during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in Enterprise Products Partners during the 4th quarter worth approximately $30,000. Finally, National Bank of Canada FI increased its stake in Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after buying an additional 360 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.