Enterprise Products Partners L.P. (NYSE:EPD) Stock Holdings Boosted by Sanders Morris Harris LLC

Sanders Morris Harris LLC grew its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 20.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 851,835 shares of the oil and gas producer's stock after buying an additional 146,031 shares during the period. Enterprise Products Partners accounts for approximately 4.0% of Sanders Morris Harris LLC's portfolio, making the stock its 4th largest position. Sanders Morris Harris LLC's holdings in Enterprise Products Partners were worth $26,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EPD. Paragon Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter valued at about $2,628,000. FMR LLC boosted 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 purchasing an additional 1,225,988 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in Enterprise Products Partners by 61.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock worth $3,954,000 after purchasing an additional 51,809 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Enterprise Products Partners by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer's stock worth $118,561,000 after buying an additional 200,625 shares in the last quarter. Finally, Brookfield Corp ON lifted its holdings in shares of Enterprise Products Partners by 6.2% in the 3rd quarter. Brookfield Corp ON now owns 4,762,585 shares of the oil and gas producer's stock valued at $138,639,000 after buying an additional 278,892 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 1.0 %

Shares of NYSE:EPD traded up $0.35 during trading on Thursday, reaching $33.69. The stock had a trading volume of 2,988,168 shares, compared to its average volume of 3,821,346. 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 stock has a market cap of $73.01 billion, a P/E ratio of 12.62, a PEG ratio of 1.57 and a beta of 1.09. The business has a fifty day moving average price of $31.94 and a 200-day moving average price of $30.17. Enterprise Products Partners L.P. has a fifty-two week low of $26.12 and a fifty-two week high of $34.63.

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

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.535 per share. The ex-dividend date is Friday, January 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.35%. Enterprise Products Partners's dividend payout ratio is 78.65%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EPD. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective on the stock. in a report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Truist Financial upped their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Finally, US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.60.

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.