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

Enterprise Products Partners L.P. (NYSE:EPD)’s stock price traded down 0.8% on Thursday . The stock traded as low as $33.35 and last traded at $33.37. 520,738 shares changed hands during 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 have issued reports on EPD shares. Scotiabank initiated coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They set a “sector perform” rating and a $33.00 price target on the stock. Citigroup upped their target price on Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. 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 report on Friday, January 3rd. Finally, US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Four 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.70.

Enterprise Products Partners Stock Down 0.5 %

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 fifty day moving average of $32.63 and a two-hundred day moving average of $30.93. The company has a market cap of $72.41 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.37 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) 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 analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced 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. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.41%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s payout ratio is currently 79.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EPD. Vermillion Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners in the fourth quarter valued at approximately $155,000. Baer Investment Advisory LLC purchased a new position in Enterprise Products Partners in the 4th quarter valued at $793,000. Sunbeam Capital Management LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $252,000. Montchanin Asset Management LLC boosted its stake in Enterprise Products Partners by 1.2% during the 4th quarter. Montchanin Asset Management LLC now owns 107,580 shares of the oil and gas producer’s stock worth $3,374,000 after purchasing an additional 1,300 shares during the last quarter. Finally, WCG Wealth Advisors LLC grew its holdings in shares of Enterprise Products Partners by 3.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 33,606 shares of the oil and gas producer’s stock worth $1,054,000 after buying an additional 1,139 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.