Cerity Partners LLC Has $14.66 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Cerity Partners LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 470,226 shares of the oil and gas producer's stock after buying an additional 74,710 shares during the quarter. Cerity Partners LLC's holdings in Enterprise Products Partners were worth $14,661,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Verity & Verity LLC increased its position in shares of Enterprise Products Partners by 30.8% in the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after acquiring an additional 26,032 shares during the last quarter. Spinnaker Trust acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $280,000. FourThought Financial Partners LLC raised its stake in shares of Enterprise Products Partners by 18.5% during 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 in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Enterprise Products Partners by 61.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock valued at $3,954,000 after buying an additional 51,809 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Enterprise Products Partners by 7.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock valued at $9,726,000 after buying an additional 21,192 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded up $0.72 on Monday, hitting $30.35. The company's stock had a trading volume of 1,503,591 shares, compared to its average volume of 4,372,131. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock's 50 day moving average is $32.84 and its 200-day moving average is $31.86. The company has a market capitalization of $65.73 billion, a PE ratio of 11.28, a PEG ratio of 1.37 and a beta of 0.78.

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, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.05%. Enterprise Products Partners's payout ratio is 79.55%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a research report on Wednesday, December 18th. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Finally, 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 note on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.