Principal Financial Group Inc. cut its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,923,121 shares of the oil and gas producer's stock after selling 34,746 shares during the quarter. Principal Financial Group Inc. owned about 0.27% of Enterprise Products Partners worth $172,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Norden Group LLC bought a new position in shares of Enterprise Products Partners in the first quarter worth approximately $587,000. GSA Capital Partners LLP raised its position in Enterprise Products Partners by 135.2% during the 1st quarter. GSA Capital Partners LLP now owns 22,030 shares of the oil and gas producer's stock valued at $643,000 after purchasing an additional 12,663 shares during the last quarter. Chevy Chase Trust Holdings LLC bought a new position in shares of Enterprise Products Partners during the first quarter valued at approximately $219,000. Empowered Funds LLC boosted its position in Enterprise Products Partners by 18.9% during the 1st quarter. Empowered Funds LLC now owns 147,763 shares of the oil and gas producer's stock valued at $4,312,000 after acquiring an additional 23,478 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Enterprise Products Partners during the first quarter valued at $212,000. Institutional investors own 26.07% of the company's stock.
Enterprise Products Partners Trading Up 0.5 %
Shares of Enterprise Products Partners stock traded up $0.14 during trading hours on Friday, hitting $30.39. The company's stock had a trading volume of 2,488,494 shares, compared to its average volume of 4,300,399. The firm has a fifty day moving average of $29.24 and a 200-day moving average of $28.97. 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 stock has a market cap of $65.96 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.33 and a beta of 1.04. Enterprise Products Partners L.P. has a twelve month low of $25.88 and a twelve month high of $30.40.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted 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). Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. The company had revenue of $13.78 billion for the quarter, compared to analysts' expectations of $13.87 billion. During the same period in the previous year, the business posted $0.60 EPS. The business's revenue for the quarter was up 14.8% on a year-over-year basis. Research analysts forecast that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.
Enterprise Products Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.
Wall Street Analysts Forecast Growth
Several analysts have commented on EPD shares. Bank of America started 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 target on the stock. StockNews.com lowered shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Truist Financial boosted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. One research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $34.00.
Check Out Our Latest Analysis on EPD
Enterprise Products Partners Company Profile
(
Free Report)
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.
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