American Century Companies Inc. Has $609.74 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

American Century Companies Inc. lessened its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,443,277 shares of the oil and gas producer's stock after selling 1,530,211 shares during the period. American Century Companies Inc. owned about 0.90% of Enterprise Products Partners worth $609,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Verity & Verity LLC increased its position in shares of Enterprise Products Partners by 30.8% during the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock worth $3,470,000 after purchasing an additional 26,032 shares in the last quarter. Spinnaker Trust acquired a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $280,000. FourThought Financial Partners LLC raised its stake in shares of Enterprise Products Partners by 18.5% in the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock valued at $4,407,000 after acquiring an additional 21,970 shares in the last quarter. FMR LLC raised its holdings in shares of Enterprise Products Partners by 9.3% in the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after purchasing an additional 1,225,988 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in Enterprise Products Partners by 61.7% during the third quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock worth $3,954,000 after purchasing an additional 51,809 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Remove Ads

Enterprise Products Partners Price Performance

Shares of EPD traded down $0.14 during trading hours on Tuesday, hitting $33.55. The stock had a trading volume of 1,479,243 shares, compared to its average volume of 4,134,627. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The stock has a market capitalization of $72.65 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.37 and a beta of 1.08. The company's fifty day moving average is $33.43 and its two-hundred day moving average is $31.61. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date was Friday, January 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.38%. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EPD shares. Truist Financial increased their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wells Fargo & Company downgraded Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Morgan Stanley upped their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Finally, Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $35.90.

Enterprise Products Partners 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.