IHT Wealth Management LLC Sells 10,842 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

IHT Wealth Management LLC lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 15.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,493 shares of the oil and gas producer's stock after selling 10,842 shares during the period. IHT Wealth Management LLC's holdings in Enterprise Products Partners were worth $1,897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EPD. Barclays PLC boosted its position in shares of Enterprise Products Partners by 110.0% during the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after purchasing an additional 1,326,010 shares in the last quarter. Eaton Financial Holdings Company LLC bought a new position in Enterprise Products Partners in the third quarter worth approximately $1,066,000. Stock Yards Bank & Trust Co. grew its stake in Enterprise Products Partners by 6.1% in the third quarter. Stock Yards Bank & Trust Co. now owns 60,844 shares of the oil and gas producer's stock valued at $1,771,000 after acquiring an additional 3,500 shares during the period. World Investment Advisors LLC increased its holdings in shares of Enterprise Products Partners by 47.7% during the third quarter. World Investment Advisors LLC now owns 39,750 shares of the oil and gas producer's stock valued at $1,157,000 after acquiring an additional 12,839 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new position in shares of Enterprise Products Partners during the third quarter worth approximately $445,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank boosted their price target 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. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Morgan Stanley lifted their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Truist Financial increased 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Trading Up 2.0 %

Shares of EPD stock opened at $30.68 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market cap of $66.43 billion, a P/E ratio of 11.40, a PEG ratio of 1.37 and a beta of 0.78. The company has a 50 day moving average of $32.50 and a 200-day moving average of $31.91. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced 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 6.98%. Enterprise Products Partners's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.