Icon Advisers Inc. Co. Has $4.14 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Icon Advisers Inc. Co. trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,000 shares of the oil and gas producer's stock after selling 35,000 shares during the period. Icon Advisers Inc. Co.'s holdings in Enterprise Products Partners were worth $4,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Rosenberg Matthew Hamilton lifted its stake in Enterprise Products Partners by 364.4% in the fourth 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 raised its stake in shares of Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter worth about $29,000. Crowley Wealth Management Inc. bought a new stake in Enterprise Products Partners in the 4th quarter valued at approximately $30,000. Finally, National Bank of Canada FI grew its stake in shares of Enterprise Products Partners by 55.4% during 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 acquiring an additional 360 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on EPD. StockNews.com upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Tuesday. Truist Financial upped their price objective 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. 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. Wells Fargo & Company cut shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Finally, Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded up $0.82 during midday trading on Thursday, hitting $31.26. The company's stock had a trading volume of 2,371,526 shares, compared to its average volume of 4,361,569. The company has a 50-day moving average price of $32.70 and a two-hundred day moving average price of $31.85. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a market cap of $67.69 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.37 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is 79.55%.

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.