Banco Santander S.A. Sells 21,860 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Banco Santander S.A. decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 29.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 52,439 shares of the oil and gas producer's stock after selling 21,860 shares during the period. Banco Santander S.A.'s holdings in Enterprise Products Partners were worth $1,526,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EPD. Curi RMB Capital LLC increased its holdings in shares of Enterprise Products Partners by 0.5% in the third quarter. Curi RMB Capital LLC now owns 73,828 shares of the oil and gas producer's stock worth $2,149,000 after purchasing an additional 339 shares during the period. Tranquility Partners LLC raised its holdings in shares of Enterprise Products Partners by 1.5% in the 3rd quarter. Tranquility Partners LLC now owns 23,204 shares of the oil and gas producer's stock valued at $675,000 after acquiring an additional 346 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in shares of Enterprise Products Partners by 4.9% in the 3rd quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer's stock valued at $219,000 after acquiring an additional 350 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its position in shares of Enterprise Products Partners by 3.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer's stock valued at $283,000 after acquiring an additional 353 shares during the last quarter. Finally, McAdam LLC grew its holdings in shares of Enterprise Products Partners by 1.3% during the second quarter. McAdam LLC now owns 28,670 shares of the oil and gas producer's stock worth $831,000 after purchasing an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 1.5 %

Shares of Enterprise Products Partners stock traded up $0.47 during trading on Friday, reaching $32.82. 3,979,591 shares of the stock were exchanged, compared to its average volume of 4,389,049. Enterprise Products Partners L.P. has a 1 year low of $25.96 and a 1 year high of $32.85. The firm has a market cap of $71.14 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock's fifty day moving average is $29.72 and its 200 day moving average is $29.19.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The business had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. Enterprise Products Partners's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, equities research analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 6.40%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EPD shares. StockNews.com lowered shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. Bank of America assumed coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a "buy" rating and a $35.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Truist Financial increased their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners has a consensus rating of "Buy" and a consensus price target of $34.00.

About Enterprise Products Partners

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.