Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,919 shares of the oil and gas producer's stock after selling 41,215 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Enterprise Products Partners were worth $19,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its position in shares of Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 656 shares in the last quarter. Bangor Savings Bank lifted its holdings in Enterprise Products Partners by 558.3% in the 4th quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer's stock valued at $40,000 after purchasing an additional 1,072 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in Enterprise Products Partners in the 4th quarter valued at $40,000. GHP Investment Advisors Inc. lifted its holdings in Enterprise Products Partners by 32.5% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,325 shares of the oil and gas producer's stock valued at $42,000 after purchasing an additional 325 shares in the last quarter. Finally, Webster Bank N. A. lifted its holdings in Enterprise Products Partners by 50.0% in the 4th quarter. Webster Bank N. A. now owns 1,500 shares of the oil and gas producer's stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

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Enterprise Products Partners Trading Down 1.2 %

Shares of NYSE:EPD traded down $0.42 during midday trading on Friday, reaching $33.69. 5,731,334 shares of the company's stock were exchanged, compared to its average volume of 4,138,293. The firm's 50 day simple moving average is $33.41 and its two-hundred day simple moving average is $31.56. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock has a market cap of $72.95 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63.

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

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.35%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of research reports. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective on the stock. in a report on Wednesday, December 18th. Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Barclays raised their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Morgan Stanley raised their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Truist Financial raised their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.90.

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.