Samjo Management LLC Raises Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Samjo Management LLC boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 43.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,600 shares of the oil and gas producer's stock after purchasing an additional 9,500 shares during the quarter. Samjo Management LLC's holdings in Enterprise Products Partners were worth $991,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPD. Perennial Investment Advisors LLC lifted its holdings in Enterprise Products Partners by 12.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 8,457 shares of the oil and gas producer's stock valued at $265,000 after purchasing an additional 936 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Enterprise Products Partners by 16.3% during the 4th quarter. KCM Investment Advisors LLC now owns 26,642 shares of the oil and gas producer's stock valued at $835,000 after acquiring an additional 3,729 shares in the last quarter. Wescott Financial Advisory Group LLC purchased a new position in Enterprise Products Partners in the 4th quarter worth approximately $214,000. Thoroughbred Financial Services LLC grew its position in shares of Enterprise Products Partners by 3.6% in the fourth quarter. Thoroughbred Financial Services LLC now owns 15,701 shares of the oil and gas producer's stock valued at $492,000 after purchasing an additional 540 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in Enterprise Products Partners by 12.5% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,500 shares of the oil and gas producer's stock worth $141,000 after buying an additional 500 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Down 3.4 %

Shares of NYSE:EPD traded down $1.00 during trading on Wednesday, hitting $28.09. 5,000,773 shares of the company were exchanged, compared to its average volume of 4,331,126. The firm's 50 day moving average price is $33.15 and its 200-day moving average price is $31.86. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock has a market capitalization of $60.83 billion, a P/E ratio of 10.44, a PEG ratio of 1.37 and a beta of 0.78.

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

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 7.62%. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Analyst Ratings Changes

EPD has been the topic of several analyst reports. StockNews.com lowered Enterprise Products Partners from a "buy" rating to a "hold" rating in a report on Monday. Truist Financial lifted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Finally, Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

About Enterprise Products Partners

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.