Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lowered its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 18.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,988 shares of the oil and gas producer's stock after selling 34,474 shares during the quarter. Crescent Grove Advisors LLC's holdings in Enterprise Products Partners were worth $4,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norden Group LLC acquired a new position in shares of Enterprise Products Partners during the first quarter worth $587,000. GSA Capital Partners LLP increased its position in Enterprise Products Partners by 135.2% during the 1st quarter. GSA Capital Partners LLP now owns 22,030 shares of the oil and gas producer's stock valued at $643,000 after buying an additional 12,663 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new stake in Enterprise Products Partners in the first quarter valued at about $219,000. Rehmann Capital Advisory Group boosted its holdings in Enterprise Products Partners by 7.6% in the first quarter. Rehmann Capital Advisory Group now owns 18,017 shares of the oil and gas producer's stock worth $526,000 after acquiring an additional 1,272 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Enterprise Products Partners by 7.2% during the first quarter. Larson Financial Group LLC now owns 11,045 shares of the oil and gas producer's stock worth $322,000 after acquiring an additional 746 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of EPD traded up $0.68 during mid-day trading on Wednesday, reaching $29.98. The company had a trading volume of 7,096,299 shares, compared to its average volume of 4,306,500. The stock has a market capitalization of $65.07 billion, a P/E ratio of 11.23, a PEG ratio of 1.31 and a beta of 1.04. Enterprise Products Partners L.P. has a 52-week low of $25.88 and a 52-week high of $30.12. The stock has a 50 day moving average of $29.24 and a two-hundred day moving average of $28.97. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $13.78 billion during the quarter, compared to analysts' expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, analysts expect that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be issued a $0.525 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 7.00%. Enterprise Products Partners's payout ratio is 78.65%.

Analyst Ratings Changes

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