Kestra Private Wealth Services LLC Decreases Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Kestra Private Wealth Services LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 28.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,804 shares of the oil and gas producer's stock after selling 32,910 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Enterprise Products Partners were worth $2,534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EPD. Rosenberg Matthew Hamilton raised its position in Enterprise Products Partners by 364.4% in 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 during the last quarter. DiNuzzo Private Wealth Inc. raised its position in Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 1,000 shares during the last quarter. Assetmark Inc. increased its position in shares of Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after purchasing an additional 1,188 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at $36,000. Finally, Bangor Savings Bank increased its position in shares of Enterprise Products Partners by 558.3% during the 4th quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer's stock valued at $40,000 after purchasing an additional 1,072 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EPD. Scotiabank began coverage on Enterprise Products Partners in a research report on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price for the company. Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Truist Financial raised their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Citigroup raised their target price on Enterprise Products Partners from $36.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.70.

Enterprise Products Partners Price Performance

NYSE EPD traded up $0.31 during trading hours on Friday, hitting $33.52. The company had a trading volume of 4,566,851 shares, compared to its average volume of 5,115,015. Enterprise Products Partners L.P. has a 52 week low of $26.64 and a 52 week high of $34.63. The firm has a 50 day simple moving average of $32.50 and a 200 day simple moving average of $30.76. 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 capitalization of $72.65 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.54 and a beta of 1.09.

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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter last year, the company earned $0.72 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.87 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.39%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's dividend payout ratio (DPR) is currently 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.