Enterprise Products Partners L.P. (NYSE:EPD) Stake Raised by Americana Partners LLC

Americana Partners LLC grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,930,981 shares of the oil and gas producer's stock after purchasing an additional 217,332 shares during the quarter. Enterprise Products Partners makes up 2.5% of Americana Partners LLC's investment portfolio, making the stock its 3rd largest holding. Americana Partners LLC owned 0.09% of Enterprise Products Partners worth $60,556,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC raised 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 acquiring an additional 1,225,988 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of Enterprise Products Partners by 2,862.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer's stock worth $225,777,000 after purchasing an additional 7,494,224 shares during the last quarter. Hamlin Capital Management LLC lifted its stake in Enterprise Products Partners by 0.5% in the third quarter. Hamlin Capital Management LLC now owns 4,923,948 shares of the oil and gas producer's stock valued at $143,336,000 after purchasing an additional 24,335 shares during the last quarter. Brookfield Corp ON lifted its stake in Enterprise Products Partners by 6.2% in the third quarter. Brookfield Corp ON now owns 4,762,585 shares of the oil and gas producer's stock valued at $138,639,000 after purchasing an additional 278,892 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Enterprise Products Partners by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer's stock valued at $118,561,000 after purchasing an additional 200,625 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Down 0.3 %

Shares of NYSE EPD traded down $0.12 during trading hours on Thursday, hitting $33.54. The company's stock had a trading volume of 3,804,840 shares, compared to its average volume of 4,814,640. The business has a 50-day simple moving average of $32.58 and a 200-day simple moving average of $30.88. The stock has a market cap of $72.69 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.57 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 12 month low of $27.26 and a 12 month high of $34.63.

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

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.38%. This is a boost 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 currently 79.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EPD shares. Scotiabank initiated coverage on Enterprise Products Partners in a research note on Friday, January 10th. They set a "sector perform" rating and a $33.00 price target for the company. Wells Fargo & Company lowered shares of 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. Truist Financial increased their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average target price 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.