Enterprise Products Partners (NYSE:EPD) Trading Down 0.5% - Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares fell 0.5% during trading on Tuesday . The stock traded as low as $28.85 and last traded at $28.86. 908,784 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 4,283,058 shares. The stock had previously closed at $29.00.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. StockNews.com downgraded Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Truist Financial boosted their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Bank of America began coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They issued a "buy" rating and a $35.00 price target for the company. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $33.73.

Enterprise Products Partners Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68. The stock's 50-day moving average is $29.24 and its two-hundred day moving average is $28.95. The company has a market cap of $62.86 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.49 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to analysts' expectations of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The business's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners's payout ratio is 82.35%.

Institutional Trading of Enterprise Products Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. U.S. Capital Wealth Advisors LLC raised its holdings in Enterprise Products Partners by 10.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 1,872,824 shares of the oil and gas producer's stock worth $54,518,000 after purchasing an additional 176,840 shares during the period. Plan Group Financial LLC increased its stake in Enterprise Products Partners by 12.1% in the 3rd quarter. Plan Group Financial LLC now owns 31,678 shares of the oil and gas producer's stock worth $922,000 after buying an additional 3,418 shares in the last quarter. Albert D Mason Inc. raised its holdings in Enterprise Products Partners by 2.6% during the third quarter. Albert D Mason Inc. now owns 38,886 shares of the oil and gas producer's stock valued at $1,132,000 after acquiring an additional 1,001 shares during the period. Private Advisor Group LLC lifted its position in shares of Enterprise Products Partners by 3.8% in the third quarter. Private Advisor Group LLC now owns 377,263 shares of the oil and gas producer's stock valued at $10,982,000 after acquiring an additional 13,890 shares in the last quarter. Finally, Symphony Financial Ltd. Co. bought a new position in shares of Enterprise Products Partners in the third quarter worth about $201,000. 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.