Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 96.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 270,066 shares of the oil and gas producer's stock after selling 7,485,940 shares during the period. Enterprise Products Partners accounts for approximately 2.9% of Pathway Financial Advisers LLC's portfolio, making the stock its 2nd biggest position. Pathway Financial Advisers LLC's holdings in Enterprise Products Partners were worth $8,469,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont raised its holdings in Enterprise Products Partners by 10.0% in the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after buying an additional 300 shares during the period. Griffin Asset Management Inc. raised its holdings in Enterprise Products Partners by 0.8% in the 4th quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock valued at $1,203,000 after buying an additional 305 shares during the period. Evanson Asset Management LLC grew its position in Enterprise Products Partners by 0.4% in the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock valued at $2,304,000 after acquiring an additional 306 shares in the last quarter. Sandbox Financial Partners LLC grew its position in Enterprise Products Partners by 3.2% in the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock valued at $317,000 after acquiring an additional 309 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position 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 acquiring an additional 325 shares in the last quarter. 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 $0.31 during trading hours on Friday, hitting $33.52. 4,566,851 shares of the company were exchanged, compared to its average volume of 5,115,015. Enterprise Products Partners L.P. has a 1 year low of $26.64 and a 1 year high of $34.63. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average of $32.50 and a 200-day moving average of $30.77. The stock has a market capitalization of $72.65 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.54 and a beta of 1.09.

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 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.87 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. Shareholders of record on Friday, January 31st were given a $0.535 dividend. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.39%. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Wells Fargo & Company downgraded Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.