Sanctuary Advisors LLC Buys 40,432 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Sanctuary Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 514,989 shares of the oil and gas producer's stock after purchasing an additional 40,432 shares during the quarter. Sanctuary Advisors LLC's holdings in Enterprise Products Partners were worth $14,991,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Paragon Advisors LLC bought a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $2,628,000. FMR LLC increased its holdings in Enterprise Products Partners by 9.3% in the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after buying an additional 1,225,988 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Enterprise Products Partners by 5.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer's stock valued at $118,561,000 after buying an additional 200,625 shares in the last quarter. Brookfield Corp ON lifted its holdings in shares of Enterprise Products Partners by 6.2% during the 3rd quarter. Brookfield Corp ON now owns 4,762,585 shares of the oil and gas producer's stock worth $138,639,000 after acquiring an additional 278,892 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Enterprise Products Partners by 37.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 58,510 shares of the oil and gas producer's stock valued at $1,703,000 after acquiring an additional 16,018 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Down 0.6 %

NYSE EPD traded down $0.20 during trading on Friday, reaching $32.19. 2,550,713 shares of the stock traded hands, compared to its average volume of 4,305,525. Enterprise Products Partners L.P. has a fifty-two week low of $26.02 and a fifty-two week high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market cap of $69.77 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The stock's 50-day moving average price is $30.79 and its 200 day moving average price is $29.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. Enterprise Products Partners's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Thursday, October 31st. Enterprise Products Partners's dividend payout ratio is currently 78.65%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EPD. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Finally, Bank of America assumed coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a "buy" rating and a $35.00 price target on the stock. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $34.00.

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.