Enterprise Products Partners L.P. (NYSE:EPD) Stock Position Trimmed by Stokes Family Office LLC

Stokes Family Office LLC cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,740 shares of the oil and gas producer’s stock after selling 1,000 shares during the quarter. Stokes Family Office LLC’s holdings in Enterprise Products Partners were worth $415,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $205,000. SVB Wealth LLC boosted its stake in Enterprise Products Partners by 23.0% during the third quarter. SVB Wealth LLC now owns 14,935 shares of the oil and gas producer’s stock valued at $409,000 after buying an additional 2,793 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Enterprise Products Partners by 36.9% during the third quarter. FinTrust Capital Advisors LLC now owns 3,898 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 1,050 shares during the period. Stratos Wealth Advisors LLC raised its position in Enterprise Products Partners by 5.3% in the third quarter. Stratos Wealth Advisors LLC now owns 20,646 shares of the oil and gas producer’s stock worth $565,000 after acquiring an additional 1,037 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Enterprise Products Partners by 4.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 39,545 shares of the oil and gas producer’s stock valued at $1,082,000 after acquiring an additional 1,635 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EPD has been the subject of a number of recent research reports. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Scotiabank increased their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Friday, April 5th. Wells Fargo & Company raised their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Truist Financial raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $32.75.

Enterprise Products Partners Stock Up 0.2 %

NYSE EPD traded up $0.05 during trading on Friday, reaching $28.10. The company’s stock had a trading volume of 3,599,060 shares, compared to its average volume of 5,182,867. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $60.93 billion, a PE ratio of 11.02 and a beta of 1.02. The business has a 50-day moving average price of $28.64 and a 200-day moving average price of $27.35. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.75%. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 80.78%.

Enterprise Products Partners Company Profile

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.