International Assets Investment Management LLC Sells 1,246,015 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

International Assets Investment Management LLC decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,303 shares of the oil and gas producer's stock after selling 1,246,015 shares during the quarter. International Assets Investment Management LLC's holdings in Enterprise Products Partners were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Curi RMB Capital LLC increased its stake in Enterprise Products Partners by 0.5% in the third quarter. Curi RMB Capital LLC now owns 73,828 shares of the oil and gas producer's stock valued at $2,149,000 after purchasing an additional 339 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Enterprise Products Partners by 10.7% in the fourth quarter. Versant Capital Management Inc now owns 3,519 shares of the oil and gas producer's stock worth $110,000 after acquiring an additional 340 shares in the last quarter. Zega Financial LLC increased its holdings in shares of Enterprise Products Partners by 1.7% during the third quarter. Zega Financial LLC now owns 20,870 shares of the oil and gas producer's stock valued at $608,000 after acquiring an additional 344 shares in the last quarter. Tranquility Partners LLC raised its position in shares of Enterprise Products Partners by 1.5% during the third quarter. Tranquility Partners LLC now owns 23,204 shares of the oil and gas producer's stock worth $675,000 after purchasing an additional 346 shares during the period. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Enterprise Products Partners by 4.9% in the 3rd quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer's stock worth $219,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

NYSE:EPD traded up $0.49 during midday trading on Thursday, hitting $32.42. The company had a trading volume of 3,726,075 shares, compared to its average volume of 4,205,669. The stock's fifty day moving average price is $31.65 and its 200-day moving average price is $30.05. Enterprise Products Partners L.P. has a 52-week low of $26.12 and a 52-week high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $70.27 billion, a PE ratio of 12.14, a P/E/G ratio of 1.66 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Wall Street Analysts Forecast Growth

EPD has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Truist Financial raised their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. 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. 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. Finally, Bank of America assumed coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They issued a "buy" rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.

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.