Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,937,043 shares of the oil and gas producer's stock after buying an additional 96,427 shares during the period. Enterprise Products Partners comprises 1.9% of Chicago Partners Investment Group LLC's portfolio, making the stock its 9th biggest position. Chicago Partners Investment Group LLC owned about 0.09% of Enterprise Products Partners worth $56,116,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EPD. Blackstone Inc. lifted its holdings in Enterprise Products Partners by 6.3% during the 1st quarter. Blackstone Inc. now owns 23,533,643 shares of the oil and gas producer's stock worth $686,712,000 after buying an additional 1,391,370 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Enterprise Products Partners by 4.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,221,236 shares of the oil and gas producer's stock valued at $470,091,000 after acquiring an additional 741,237 shares during the last quarter. Energy Income Partners LLC grew its holdings in Enterprise Products Partners by 0.9% during the 1st quarter. Energy Income Partners LLC now owns 15,618,956 shares of the oil and gas producer's stock worth $455,761,000 after acquiring an additional 142,689 shares during the period. Kayne Anderson Capital Advisors LP raised its position in shares of Enterprise Products Partners by 2.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 11,175,161 shares of the oil and gas producer's stock valued at $326,091,000 after acquiring an additional 284,772 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its stake in Enterprise Products Partners by 2,862.8% in the third quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer's stock valued at $225,777,000 after buying an additional 7,494,224 shares during the period. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

Shares of EPD traded up $0.16 during trading hours on Friday, hitting $28.82. 4,455,042 shares of the company were exchanged, compared to its average volume of 4,293,630. Enterprise Products Partners L.P. has a fifty-two week low of $25.88 and a fifty-two week high of $30.05. The firm's fifty day moving average is $29.22 and its 200 day moving average is $28.95. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The company has a market cap of $62.55 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.33 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 7.29%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 target price for the company. Truist Financial boosted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday. Finally, StockNews.com cut Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $34.00.

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.