Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC reduced its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,800 shares of the oil and gas producer's stock after selling 9,844 shares during the period. United Capital Financial Advisors LLC's holdings in Enterprise Products Partners were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in shares of Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after purchasing an additional 1,326,010 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new position in Enterprise Products Partners during the 3rd quarter worth approximately $1,066,000. Stock Yards Bank & Trust Co. boosted its holdings in Enterprise Products Partners by 6.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 60,844 shares of the oil and gas producer's stock worth $1,771,000 after acquiring an additional 3,500 shares during the period. World Investment Advisors LLC grew its position in Enterprise Products Partners by 47.7% in the third quarter. World Investment Advisors LLC now owns 39,750 shares of the oil and gas producer's stock valued at $1,157,000 after acquiring an additional 12,839 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $445,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded up $0.01 during trading on Wednesday, reaching $30.71. 4,917,536 shares of the company's stock traded hands, compared to its average volume of 4,389,358. The stock has a market capitalization of $66.51 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The company has a 50 day moving average of $32.50 and a 200-day moving average of $31.91. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

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, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. During the same period in the prior year, the company earned $0.72 earnings per share. The business's revenue was down 2.9% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is 79.55%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EPD shares. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Truist Financial lifted 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. JPMorgan Chase & Co. raised their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Scotiabank raised 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.89.

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.