Fractal Investments LLC Has $60.53 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Fractal Investments LLC lowered its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,079,189 shares of the oil and gas producer's stock after selling 102,120 shares during the period. Enterprise Products Partners comprises 10.2% of Fractal Investments LLC's portfolio, making the stock its 4th largest holding. Fractal Investments LLC owned approximately 0.10% of Enterprise Products Partners worth $60,525,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Hantz Financial Services Inc. acquired a new position in Enterprise Products Partners in the 2nd quarter valued at about $25,000. Mascoma Wealth Management LLC acquired a new stake in Enterprise Products Partners during the second quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. grew its stake in Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 1,000 shares during the period. MFA Wealth Advisors LLC acquired a new position in Enterprise Products Partners in the 2nd quarter valued at $37,000. Finally, Denver PWM LLC purchased a new position in shares of Enterprise Products Partners during the 2nd quarter worth $48,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on EPD. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Bank of America assumed coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 price target on the stock. Finally, Truist Financial upped their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $34.00.

Enterprise Products Partners Stock Up 2.3 %

Enterprise Products Partners stock traded up $0.68 during midday trading on Wednesday, hitting $29.98. 7,096,299 shares of the company were exchanged, compared to its average volume of 4,306,500. The company has a market cap of $65.07 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. Enterprise Products Partners L.P. has a fifty-two week low of $25.88 and a fifty-two week high of $30.12. The company's fifty day moving average price is $29.24 and its 200-day moving average price is $28.97. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.60 earnings per share. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.7 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 7.00%. Enterprise Products Partners's dividend payout ratio is presently 78.65%.

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.