Boston Partners Decreases Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Boston Partners lowered its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,050 shares of the oil and gas producer's stock after selling 10,777 shares during the quarter. Boston Partners' holdings in Enterprise Products Partners were worth $5,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Capital Advisors LP grew its holdings in Enterprise Products Partners by 16.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after buying an additional 1,947,017 shares in the last quarter. Barclays PLC grew its holdings in shares of Enterprise Products Partners by 110.0% in the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after purchasing an additional 1,326,010 shares in the last quarter. FMR LLC increased its position in Enterprise Products Partners by 9.3% in the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock worth $420,037,000 after purchasing an additional 1,225,988 shares during the last quarter. Merewether Investment Management LP purchased a new stake in Enterprise Products Partners during the third quarter valued at $30,746,000. Finally, Strategic Financial Concepts LLC lifted its position in Enterprise Products Partners by 3,884.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock valued at $21,414,000 after purchasing an additional 665,716 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

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Enterprise Products Partners Trading Down 0.5 %

Shares of NYSE EPD traded down $0.17 during mid-day trading on Tuesday, reaching $33.51. The company had a trading volume of 3,136,011 shares, compared to its average volume of 4,129,340. The stock has a market cap of $72.57 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The business's 50-day moving average is $33.43 and its 200-day moving average is $31.64. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results 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 business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. Equities analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid 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 dividend yield of 6.39%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 79.55%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EPD shares. Truist Financial upped their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Barclays boosted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective for the company. in a research note on Wednesday, December 18th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Finally, Scotiabank increased their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.