Catalyst Capital Advisors LLC Acquires 26,136 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Catalyst Capital Advisors LLC raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 477,341 shares of the oil and gas producer's stock after acquiring an additional 26,136 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Enterprise Products Partners were worth $13,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Princeton Global Asset Management LLC lifted its holdings in shares of Enterprise Products Partners by 4.9% in the third quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer's stock valued at $219,000 after purchasing an additional 350 shares in the last quarter. Strategic Wealth Partners Ltd. increased its position in Enterprise Products Partners by 3.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer's stock worth $283,000 after buying an additional 353 shares during the period. Cadence Bank raised 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 buying an additional 365 shares in the last quarter. McAdam LLC lifted its stake in Enterprise Products Partners by 1.3% during the second quarter. McAdam LLC now owns 28,670 shares of the oil and gas producer's stock worth $831,000 after purchasing an additional 372 shares during the last quarter. Finally, Ellenbecker Investment Group boosted its holdings in shares of Enterprise Products Partners by 1.5% during the 3rd 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. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EPD shares. Bank of America began coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They issued a "buy" rating and a $35.00 price objective on the stock. StockNews.com downgraded Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Truist Financial boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of "Buy" and a consensus target price of $34.00.

Enterprise Products Partners Stock Performance

Shares of EPD traded up $0.20 during trading hours on Tuesday, hitting $29.33. The company's stock had a trading volume of 3,236,475 shares, compared to its average volume of 4,289,502. The business has a 50 day simple moving average of $29.22 and a two-hundred day simple moving average of $28.96. The company has a market cap of $63.65 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.31 and a beta of 1.04. Enterprise Products Partners L.P. has a 52-week low of $25.88 and a 52-week high of $30.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to analysts' expectations of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.39%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.

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.