Voya Financial Advisors Inc. Sells 18,218 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Voya Financial Advisors Inc. trimmed its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,937 shares of the oil and gas producer's stock after selling 18,218 shares during the quarter. Voya Financial Advisors Inc.'s holdings in Enterprise Products Partners were worth $965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verity & Verity LLC grew its position in shares of Enterprise Products Partners by 30.8% in the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after purchasing an additional 26,032 shares during the period. Spinnaker Trust bought a new stake in Enterprise Products Partners in the 4th quarter valued at $280,000. FourThought Financial Partners LLC boosted its stake in Enterprise Products Partners by 18.5% in the 4th quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after purchasing an additional 21,970 shares during the period. Peapack Gladstone Financial Corp increased its holdings in Enterprise Products Partners by 61.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock worth $3,954,000 after purchasing an additional 51,809 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Enterprise Products Partners by 7.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock worth $9,726,000 after buying an additional 21,192 shares during the period. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EPD shares. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Scotiabank boosted their price target on 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, Barclays raised their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock traded up $0.17 during midday trading on Monday, reaching $31.39. The company's stock had a trading volume of 4,943,432 shares, compared to its average volume of 5,269,181. The stock has a market cap of $67.98 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The business has a 50-day moving average price of $32.36 and a 200-day moving average price of $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 the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period last year, the company earned $0.72 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.82%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 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.