MML Investors Services LLC Has $2.72 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

MML Investors Services LLC lowered its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,679 shares of the oil and gas producer's stock after selling 40,921 shares during the quarter. MML Investors Services LLC's holdings in Enterprise Products Partners were worth $2,718,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Rosenberg Matthew Hamilton boosted its stake in shares of Enterprise Products Partners by 364.4% during 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. Tidemark LLC grew its holdings in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners in the 4th quarter valued at about $30,000. Finally, National Bank of Canada FI lifted its position in shares of Enterprise Products Partners by 55.4% during the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 360 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

EPD traded down $0.56 during trading on Tuesday, reaching $30.81. The stock had a trading volume of 8,630,322 shares, compared to its average volume of 4,383,836. The stock has a 50 day moving average of $32.31 and a two-hundred day moving average of $31.98. 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 capitalization of $66.73 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. 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 issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing 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 $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter last year, the firm posted $0.66 earnings per share. Enterprise Products Partners's revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm 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 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 79.55%.

Analyst Ratings Changes

Several brokerages have recently commented on EPD. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Truist Financial lifted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Barclays raised their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Finally, Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Four equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

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.