Capital Investment Advisors LLC Decreases Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Capital Investment Advisors LLC reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 591,287 shares of the oil and gas producer's stock after selling 18,735 shares during the period. Capital Investment Advisors LLC's holdings in Enterprise Products Partners were worth $17,212,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Strategic Wealth Partners Ltd. grew its holdings in Enterprise Products Partners by 3.8% in the third quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer's stock valued at $283,000 after purchasing an additional 353 shares during the period. Cadence Bank lifted its position in shares of Enterprise Products Partners by 0.7% in the first quarter. Cadence Bank now owns 52,428 shares of the oil and gas producer's stock valued at $1,530,000 after acquiring an additional 365 shares in the last quarter. McAdam LLC lifted its position in shares of Enterprise Products Partners by 1.3% in the second quarter. McAdam LLC now owns 28,670 shares of the oil and gas producer's stock valued at $831,000 after acquiring an additional 372 shares in the last quarter. Ellenbecker Investment Group lifted its position in shares of Enterprise Products Partners by 1.5% in the third quarter. Ellenbecker Investment Group now owns 25,247 shares of the oil and gas producer's stock valued at $735,000 after acquiring an additional 374 shares in the last quarter. Finally, Advisor OS LLC lifted its position in shares of Enterprise Products Partners by 1.3% in the second quarter. Advisor OS LLC now owns 29,485 shares of the oil and gas producer's stock valued at $854,000 after acquiring an additional 379 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on EPD. Truist Financial raised their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. StockNews.com downgraded Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Bank of America started coverage on Enterprise Products Partners in a research report on Thursday. They set a "buy" rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $33.73.

Enterprise Products Partners Trading Up 0.2 %

Shares of NYSE EPD traded up $0.05 during trading on Friday, reaching $29.18. The stock had a trading volume of 3,847,019 shares, compared to its average volume of 4,301,547. Enterprise Products Partners L.P. has a fifty-two week low of $25.61 and a fifty-two week high of $30.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. The business's 50-day moving average price is $29.21 and its 200-day moving average price is $28.97. The company has a market cap of $63.37 billion, a P/E ratio of 11.44, a PEG ratio of 1.49 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be paid a dividend of $0.525 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 7.20%. Enterprise Products Partners's payout ratio is 82.35%.

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.