Gilman Hill Asset Management LLC Sells 14,312 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Gilman Hill Asset Management LLC lessened its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,234 shares of the oil and gas producer's stock after selling 14,312 shares during the quarter. Enterprise Products Partners makes up 1.1% of Gilman Hill Asset Management LLC's holdings, making the stock its 29th biggest position. Gilman Hill Asset Management LLC's holdings in Enterprise Products Partners were worth $6,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smart Money Group LLC grew its holdings in Enterprise Products Partners by 20.1% during the fourth quarter. Smart Money Group LLC now owns 38,890 shares of the oil and gas producer's stock worth $1,220,000 after purchasing an additional 6,500 shares during the period. Ellsworth Advisors LLC raised its stake in Enterprise Products Partners by 1.7% in the 4th quarter. Ellsworth Advisors LLC now owns 23,022 shares of the oil and gas producer's stock valued at $722,000 after acquiring an additional 380 shares during the period. Evanson Asset Management LLC lifted 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 valued at $2,304,000 after purchasing an additional 306 shares during the last quarter. Lbmc Investment Advisors LLC bought a new position in Enterprise Products Partners during the fourth quarter worth $220,000. Finally, Kelly Financial Services LLC acquired a new position in shares of Enterprise Products Partners in the fourth quarter valued at $376,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EPD shares. Bank of America assumed coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a "buy" rating and a $35.00 target price for the company. Scotiabank assumed coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a "sector perform" rating and a $33.00 price objective for the company. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Truist Financial lifted their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company downgraded 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.60.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded down $0.08 during mid-day trading on Monday, reaching $33.60. The company had a trading volume of 3,853,513 shares, compared to its average volume of 2,982,659. Enterprise Products Partners L.P. has a one year low of $26.12 and a one year high of $34.63. The business's 50-day simple moving average is $32.07 and its 200 day simple moving average is $30.24. 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 firm has a market cap of $72.82 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.57 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. Enterprise Products Partners's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.535 dividend. The ex-dividend date is Friday, January 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.37%. Enterprise Products Partners's dividend payout ratio (DPR) is 78.65%.

Enterprise Products Partners Company 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.