Enterprise Products Partners L.P. $EPD Stock Position Decreased by River Road Asset Management LLC

River Road Asset Management LLC trimmed its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 27.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 103,165 shares of the oil and gas producer’s stock after selling 38,225 shares during the period. River Road Asset Management LLC’s holdings in Enterprise Products Partners were worth $3,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Monetary Solutions Ltd acquired a new stake in Enterprise Products Partners during the 4th quarter worth about $108,000. Virtu Financial LLC lifted its stake in Enterprise Products Partners by 30.1% during the fourth quarter. Virtu Financial LLC now owns 61,124 shares of the oil and gas producer’s stock valued at $1,960,000 after buying an additional 14,155 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of Enterprise Products Partners in the fourth quarter worth about $470,000. Sunbelt Securities Inc. boosted its holdings in shares of Enterprise Products Partners by 0.6% in the fourth quarter. Sunbelt Securities Inc. now owns 227,327 shares of the oil and gas producer’s stock worth $7,288,000 after buying an additional 1,371 shares during the period. Finally, Capstone Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $489,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD opened at $36.60 on Friday. The business’s 50-day moving average price is $37.87 and its two-hundred day moving average price is $35.81. 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 L.P. has a one year low of $30.01 and a one year high of $40.17. The company has a market capitalization of $79.12 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.49.

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). The firm had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share. Analysts anticipate that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

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

Wall Street Analyst Weigh In

EPD has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday, March 31st. Stifel Nicolaus lifted their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Truist Financial boosted their target price on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Citigroup restated 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. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.94.

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.