Enterprise Products Partners (NYSE:EPD) Shares Down 0.7% – Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD)’s stock price traded down 0.7% on Friday . The company traded as low as $32.13 and last traded at $32.17. 498,594 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 4,296,687 shares. The stock had previously closed at $32.39.

Analyst Ratings Changes

Several research analysts recently issued reports on EPD shares. Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 target price for the company. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $34.00.

Enterprise Products Partners Stock Performance

The company has a market capitalization of $69.77 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The firm has a fifty day simple moving average of $30.79 and a 200 day simple moving average of $29.66. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. Enterprise Products Partners’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. On average, analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.525 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.52%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 78.65%.

Institutional Investors Weigh In On Enterprise Products Partners

Several institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in shares of Enterprise Products Partners during the second quarter valued at approximately $25,000. Mascoma Wealth Management LLC acquired a new position in Enterprise Products Partners in the 2nd quarter valued at $29,000. DiNuzzo Private Wealth Inc. lifted its holdings in Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. Assetmark Inc. boosted its stake in Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Enterprise Products Partners during the third quarter worth $36,000. 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.