Blue Trust Inc. Boosts Position in Enterprise Products Partners L.P. (NYSE:EPD)

Blue Trust Inc. raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,198 shares of the oil and gas producer's stock after buying an additional 8,495 shares during the period. Blue Trust Inc.'s holdings in Enterprise Products Partners were worth $2,766,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPD. Rosenberg Matthew Hamilton increased its stake in shares of Enterprise Products Partners by 364.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after acquiring an additional 656 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. Assetmark Inc. increased its stake in Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after purchasing an additional 1,188 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in Enterprise Products Partners during the 3rd quarter valued at about $36,000. Finally, Bangor Savings Bank grew its stake in shares of Enterprise Products Partners by 558.3% in the fourth quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer's stock worth $40,000 after acquiring an additional 1,072 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock traded up $0.25 during midday trading on Tuesday, hitting $33.69. The company had a trading volume of 4,041,399 shares, compared to its average volume of 4,863,090. The stock has a market cap of $73.02 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.54 and a beta of 1.09. 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 company has a fifty day simple moving average of $32.53 and a 200 day simple moving average of $30.82. Enterprise Products Partners L.P. has a 12-month low of $27.20 and a 12-month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. During the same quarter last year, the company earned $0.72 EPS. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.87 earnings per share for the current fiscal 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 paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's payout ratio is 79.55%.

Analyst Ratings Changes

EPD has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Scotiabank began coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Finally, Truist Financial upped their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has an average rating of "Moderate Buy" and a consensus target price of $34.70.

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.