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

Enterprise Products Partners L.P. (NYSE:EPD)’s share price dropped 1.9% during mid-day 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

EPD has been the topic of a number of analyst reports. Wolfe Research upgraded Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Morgan Stanley reiterated an “underweight” rating and set a $43.00 price objective (up from $42.00) on shares of Enterprise Products Partners in a research note on Wednesday, May 20th. Citigroup reiterated a “buy” rating and set a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $39.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, May 14th. Finally, Wall Street Zen cut Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.67.

Enterprise Products Partners Trading Down 1.9%

The business has a 50 day moving average of $38.15 and a two-hundred day moving average of $35.25. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. The firm has a market cap of $79.55 billion, a P/E ratio of 13.63, a PEG ratio of 1.40 and a beta of 0.52.

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

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is 81.48%.

Insiders Place Their Bets

In other Enterprise Products Partners news, CEO Aj Teague purchased 2,665 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the purchase, the chief executive officer owned 77,576 shares in the company, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 32.60% of the company’s stock.

Institutional Investors Weigh In On Enterprise Products Partners

A number of large investors have recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC bought a new stake in Enterprise Products Partners in the 4th quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners in the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC acquired a new position in Enterprise Products Partners in the 3rd quarter valued at $32,000. Texas Capital Bancshares Inc TX acquired a new position in Enterprise Products Partners in the 3rd quarter valued at $32,000. Finally, Daytona Street Capital LLC acquired a new position in Enterprise Products Partners in the 4th quarter valued at $42,000. Institutional investors 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.