Rockefeller Capital Management L.P. Has $56 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Rockefeller Capital Management L.P. increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,785,628 shares of the oil and gas producer's stock after purchasing an additional 107,678 shares during the period. Rockefeller Capital Management L.P. owned 0.08% of Enterprise Products Partners worth $55,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in EPD. Rosenberg Matthew Hamilton grew its stake in 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 purchasing an additional 656 shares in the last quarter. Tidemark LLC grew its position in shares of Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after buying an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners in the fourth quarter worth $29,000. Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners during the 4th quarter valued at $30,000. Finally, National Bank of Canada FI grew its holdings in Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 360 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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Enterprise Products Partners Trading Up 2.1 %

Shares of EPD traded up $0.63 during midday trading on Tuesday, hitting $30.95. The stock had a trading volume of 4,589,528 shares, compared to its average volume of 4,376,630. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The business has a 50-day simple moving average of $32.79 and a two-hundred day simple moving average of $31.87. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The firm has a market cap of $67.03 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.91%. Enterprise Products Partners's payout ratio is presently 79.55%.

Analyst Upgrades and Downgrades

EPD has been the topic of several research analyst reports. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial upped their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Finally, Scotiabank boosted their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of "Moderate Buy" and an average target price 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.