Sequoia Financial Advisors LLC Buys 19,342 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Sequoia Financial Advisors LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 43.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,032 shares of the oil and gas producer's stock after acquiring an additional 19,342 shares during the period. Sequoia Financial Advisors LLC's holdings in Enterprise Products Partners were worth $2,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EPD. Assetmark Inc. increased its stake in Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after acquiring an additional 1,188 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Enterprise Products Partners by 11.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,221 shares of the oil and gas producer's stock valued at $356,000 after purchasing an additional 1,266 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in shares of Enterprise Products Partners in the 3rd quarter valued at $240,000. Oppenheimer Asset Management Inc. lifted its position in shares of Enterprise Products Partners by 11.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 71,474 shares of the oil and gas producer's stock worth $2,081,000 after buying an additional 7,536 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its position in shares of Enterprise Products Partners by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 73,828 shares of the oil and gas producer's stock worth $2,149,000 after buying an additional 339 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

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Enterprise Products Partners Trading Down 0.4 %

EPD traded down $0.12 during trading on Tuesday, reaching $33.80. 2,424,428 shares of the stock traded hands, compared to its average volume of 4,132,496. 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's 50-day moving average is $33.27 and its 200 day moving average is $31.44. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The stock has a market capitalization of $73.20 billion, a PE ratio of 12.57, a P/E/G ratio of 1.37 and a beta of 1.08.

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

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.33%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Analysts Set New Price Targets

Several research analysts have commented on EPD shares. Barclays boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley increased their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Wells Fargo & Company cut shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a research note on Wednesday, December 18th. Scotiabank increased their price target on 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. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average target price of $35.90.

Enterprise Products Partners Company 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.