Enterprise Products Partners (NYSE:EPD) Stock Price Down 1.5% – Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD)’s share price fell 1.5% during mid-day trading on Friday . The company traded as low as $38.00 and last traded at $38.1250. 3,164,803 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 4,757,275 shares. The stock had previously closed at $38.70.

Analysts Set New Price Targets

EPD has been the subject of a number of analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a research note on Thursday, April 16th. Royal Bank Of Canada boosted their price target on Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank boosted their price target on Enterprise Products Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group boosted their price target on Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Enterprise Products Partners Stock Performance

The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The stock has a market cap of $82.42 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.47 and a beta of 0.55. The company has a 50 day simple moving average of $37.51 and a 200 day simple moving average of $34.22.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, April 28th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03). The business had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a return on equity of 19.56% and a net margin of 11.45%.The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.89 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 5.8%. Enterprise Products Partners’s payout ratio is presently 81.48%.

Insider Buying and Selling

In other Enterprise Products Partners news, CEO Aj Teague bought 2,665 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the purchase, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 32.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EPD. PMV Capital Advisers LLC acquired a new position in Enterprise Products Partners during the fourth quarter worth about $25,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners in the third quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new position in shares of Enterprise Products Partners in the third quarter valued at approximately $32,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Enterprise Products Partners in the third quarter valued at approximately $32,000. Finally, Financial Consulate Inc. acquired a new position in shares of Enterprise Products Partners in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About Enterprise Products Partners

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.