Integrated Wealth Concepts LLC Trims Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Integrated Wealth Concepts LLC cut its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,648 shares of the oil and gas producer's stock after selling 21,723 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Enterprise Products Partners were worth $3,156,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont grew its position 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 worth $104,000 after purchasing an additional 300 shares during the period. Griffin Asset Management Inc. boosted its position in Enterprise Products Partners by 0.8% in the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock worth $1,203,000 after purchasing an additional 305 shares during the last quarter. Evanson Asset Management LLC increased its position in shares of Enterprise Products Partners by 0.4% during 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 purchasing an additional 306 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Enterprise Products Partners by 14.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 308 shares during the period. Finally, Sandbox Financial Partners LLC boosted its holdings in shares of Enterprise Products Partners by 3.2% in the fourth quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock worth $317,000 after buying an additional 309 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EPD shares. Scotiabank increased their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Truist Financial lifted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Morgan Stanley upped their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Price Performance

EPD traded up $0.04 during trading on Friday, hitting $31.34. 3,820,000 shares of the company traded hands, compared to its average volume of 4,364,490. The company has a market cap of $67.87 billion, a PE ratio of 11.65, a P/E/G ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 1 year low of $27.37 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 stock's 50-day simple moving average is $32.36 and its two-hundred day simple moving average is $31.96.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $14.20 billion for 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 firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.83%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 79.55%.

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.