Enterprise Products Partners (NYSE:EPD) Shares Down 1.9% – Should You Sell?

Shares of Enterprise Products Partners L.P. (NYSE:EPD) were down 1.9% during trading on Friday . The company traded as low as $36.71 and last traded at $36.80. Approximately 7,251,488 shares traded hands during trading, an increase of 54% from the average daily volume of 4,714,499 shares. The stock had previously closed at $37.50.

Wall Street Analyst Weigh In

A number of analysts have commented on EPD shares. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $42.00 in a research note on Wednesday, March 25th. Wall Street Zen downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup reiterated a “buy” rating and issued a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. Scotiabank reiterated a “sector perform” rating and issued a $40.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Tuesday, May 12th. Finally, Barclays upped their target price on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.67.

Enterprise Products Partners Stock Down 1.9%

The business has a fifty day moving average of $38.15 and a 200 day moving average of $35.26. The stock has a market cap of $79.55 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.31 and a beta of 0.52. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm had revenue of $14.39 billion during the quarter, compared to analyst estimates of $13.62 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 6.0%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.48%.

Insider Buying and Selling

In related news, CEO Aj Teague purchased 2,665 shares of the stock in a transaction on Friday, March 20th. The shares were bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enterprise Products Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC acquired a new position in Enterprise Products Partners during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners during the third quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new position in Enterprise Products Partners during the third quarter valued at approximately $32,000. Texas Capital Bancshares Inc TX acquired a new position in Enterprise Products Partners during the third quarter valued at approximately $32,000. Finally, Daytona Street Capital LLC acquired a new position in Enterprise Products Partners during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.