Fayez Sarofim & Co Grows Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Fayez Sarofim & Co boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,492,880 shares of the oil and gas producer's stock after purchasing an additional 16,755 shares during the quarter. Enterprise Products Partners comprises 1.3% of Fayez Sarofim & Co's portfolio, making the stock its 25th largest position. Fayez Sarofim & Co owned approximately 0.81% of Enterprise Products Partners worth $548,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rosenberg Matthew Hamilton increased its position in Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 656 shares in the last quarter. Tidemark LLC grew its stake in shares of Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter valued at $30,000. Finally, National Bank of Canada FI raised its position in shares of Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EPD. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Finally, Truist Financial upped their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Four 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Stock Performance

EPD stock traded up $0.01 during trading on Wednesday, reaching $30.71. The stock had a trading volume of 5,656,087 shares, compared to its average volume of 4,379,345. The firm has a market cap of $66.50 billion, a PE ratio of 11.42, a PEG 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. The stock's 50 day moving average is $32.45 and its two-hundred day moving average is $31.90. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (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 net margin of 10.49% and a return on equity of 20.48%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

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