Sequoia Financial Advisors LLC Has $1.43 Million Stock Holdings in Enterprise Products Partners L.P. $EPD

Sequoia Financial Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 65.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,523 shares of the oil and gas producer’s stock after buying an additional 17,548 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $1,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 5,425 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of Enterprise Products Partners by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer’s stock valued at $1,827,000 after buying an additional 5,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Enterprise Products Partners by 6.2% in the 2nd quarter. Geode Capital Management LLC now owns 63,702 shares of the oil and gas producer’s stock valued at $1,975,000 after buying an additional 3,742 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Enterprise Products Partners by 6.1% in the 2nd quarter. Guggenheim Capital LLC now owns 27,301 shares of the oil and gas producer’s stock valued at $847,000 after buying an additional 1,578 shares in the last quarter. Finally, Glenview Trust co increased its position in shares of Enterprise Products Partners by 315.8% in the 2nd quarter. Glenview Trust co now owns 33,648 shares of the oil and gas producer’s stock valued at $1,043,000 after buying an additional 25,555 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Insiders Place Their Bets

In other Enterprise Products Partners news, CEO Aj Teague purchased 2,665 shares of the business’s stock in a transaction dated 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 owned 77,576 shares in the company, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Stock Up 0.9%

Enterprise Products Partners stock opened at $38.26 on Wednesday. The stock has a market cap of $82.70 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.42 and a beta of 0.52. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. Enterprise Products Partners L.P. has a twelve month low of $30.01 and a twelve month high of $39.74. The company’s 50-day moving average price is $37.71 and its two-hundred day moving average price is $34.57.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate 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 business had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $13.62 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.92 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be given a $0.55 dividend. The ex-dividend date is Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.8%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.48%.

Analysts Set New Price Targets

A number of research firms recently commented on EPD. Truist Financial upped their price objective on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Monday, April 6th. Jefferies Financial Group increased their target price on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Tuesday, March 31st. Wolfe Research upgraded Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Citigroup reiterated a “buy” rating and set a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of “Hold” and an average target price of $39.13.

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.