Enterprise Products Partners (NYSE:EPD) Trading Down 0.8% - Should You Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares traded down 0.8% during trading on Thursday . The company traded as low as $33.35 and last traded at $33.37. 520,738 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 4,712,808 shares. The stock had previously closed at $33.65.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank began coverage on Enterprise Products Partners in a report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 price target for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Wells Fargo & Company downgraded 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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.70.

Enterprise Products Partners Price Performance

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 business has a 50-day moving average price of $32.63 and a two-hundred day moving average price of $30.93. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.38 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $14.07 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business's quarterly revenue was down 2.9% on a year-over-year basis. As a group, research 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 given a $0.535 dividend. This is a boost 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 (DPR) is currently 79.55%.

Institutional Trading of Enterprise Products Partners

Large investors have recently added to or reduced their stakes in the business. Verity & Verity LLC increased its position in Enterprise Products Partners by 30.8% in the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after acquiring an additional 26,032 shares during the period. Spinnaker Trust acquired a new stake in Enterprise Products Partners in the 4th quarter valued at approximately $280,000. Paragon Advisors LLC acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at approximately $2,628,000. FMR LLC increased its position in Enterprise Products Partners by 9.3% in the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after acquiring an additional 1,225,988 shares during the period. Finally, Peapack Gladstone Financial Corp increased its position in 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 acquiring an additional 51,809 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.