Fort Sheridan Advisors LLC Sells 38,407 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Fort Sheridan Advisors LLC reduced its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 979,256 shares of the oil and gas producer's stock after selling 38,407 shares during the quarter. Enterprise Products Partners comprises about 4.5% of Fort Sheridan Advisors LLC's portfolio, making the stock its 3rd biggest position. Fort Sheridan Advisors LLC's holdings in Enterprise Products Partners were worth $30,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Trust Co. of Vermont boosted its position in Enterprise Products Partners by 10.0% in the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after buying an additional 300 shares during the last quarter. Griffin Asset Management Inc. increased its position in Enterprise Products Partners by 0.8% in the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock worth $1,203,000 after purchasing an additional 305 shares during the period. Evanson Asset Management LLC raised its holdings in Enterprise Products Partners by 0.4% during the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock worth $2,304,000 after purchasing an additional 306 shares during the last quarter. Sandbox Financial Partners LLC lifted its position in Enterprise Products Partners by 3.2% during the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock valued at $317,000 after purchasing an additional 309 shares during the period. Finally, Hardy Reed LLC boosted its stake in shares of Enterprise Products Partners by 2.2% in the 4th quarter. Hardy Reed LLC now owns 14,710 shares of the oil and gas producer's stock valued at $461,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Up 0.7 %

NYSE EPD traded up $0.24 on Monday, reaching $33.65. The company had a trading volume of 5,276,925 shares, compared to its average volume of 4,865,946. The company's fifty day moving average is $32.85 and its 200-day moving average is $31.12. The firm has a market capitalization of $72.94 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

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

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's payout ratio is currently 79.55%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a research note on Wednesday, December 18th. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Truist Financial lifted their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Scotiabank started coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They set a "sector perform" rating and a $33.00 price objective for the company. Finally, Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.70.

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.