Enterprise Products Partners (NYSE:EPD) Stock Price Down 0.1% – Time to Sell?

Shares of Enterprise Products Partners L.P. (NYSE:EPD) were down 0.1% on Monday . The company traded as low as $33.75 and last traded at $33.81. Approximately 711,824 shares changed hands during trading, a decline of 83% from the average daily volume of 4,125,003 shares. The stock had previously closed at $33.85.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EPD. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a report on Wednesday, December 18th. Truist Financial upped their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley increased their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Finally, Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.90.

Enterprise Products Partners Price Performance

The stock has a market cap of $72.84 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The stock’s 50 day moving average price is $33.41 and its two-hundred day moving average price is $31.58. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (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 business 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 company posted $0.72 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research 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 disclosed 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 represents a $2.14 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is currently 79.55%.

Institutional Investors Weigh In On Enterprise Products Partners

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in shares of Enterprise Products Partners by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 82,871 shares of the oil and gas producer’s stock valued at $2,412,000 after acquiring an additional 607 shares during the period. Meridian Wealth Management LLC purchased a new stake in Enterprise Products Partners during the 3rd quarter worth about $372,000. Nwam LLC acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at about $629,000. Certified Advisory Corp boosted its stake in shares of Enterprise Products Partners by 68.6% in the 3rd quarter. Certified Advisory Corp now owns 23,077 shares of the oil and gas producer’s stock valued at $672,000 after buying an additional 9,388 shares during the period. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Enterprise Products Partners by 9.5% during the third quarter. Great Valley Advisor Group Inc. now owns 102,446 shares of the oil and gas producer’s stock worth $2,982,000 after buying an additional 8,894 shares during the period. 26.07% of the stock is currently 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.