Thrivent Financial for Lutherans Buys 200,625 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Thrivent Financial for Lutherans raised its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,072,866 shares of the oil and gas producer's stock after acquiring an additional 200,625 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.19% of Enterprise Products Partners worth $118,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EPD. SG Americas Securities LLC acquired a new position in Enterprise Products Partners during the first quarter worth approximately $212,000. QRG Capital Management Inc. lifted its holdings in Enterprise Products Partners by 8.1% during the 1st quarter. QRG Capital Management Inc. now owns 9,007 shares of the oil and gas producer's stock valued at $263,000 after purchasing an additional 677 shares during the last quarter. Acadian Asset Management LLC boosted its position in Enterprise Products Partners by 5.5% during the first quarter. Acadian Asset Management LLC now owns 212,550 shares of the oil and gas producer's stock worth $6,198,000 after purchasing an additional 11,092 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Enterprise Products Partners by 1.2% in the first quarter. Osaic Holdings Inc. now owns 1,165,422 shares of the oil and gas producer's stock valued at $34,012,000 after purchasing an additional 13,753 shares during the last quarter. Finally, Bahl & Gaynor Inc. bought a new position in shares of Enterprise Products Partners in the first quarter valued at about $218,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

EPD traded up $0.28 on Friday, hitting $31.09. 5,536,140 shares of the stock were exchanged, compared to its average volume of 4,295,243. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.68. Enterprise Products Partners L.P. has a 12 month low of $25.95 and a 12 month high of $31.33. The firm has a market capitalization of $67.39 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.60 and a beta of 1.04. The business has a 50-day moving average of $29.44 and a two-hundred day moving average of $29.07.

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 analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business's revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.75%. Enterprise Products Partners's payout ratio is 78.65%.

Analysts Set New Price Targets

Several brokerages recently commented on EPD. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Truist Financial lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. StockNews.com lowered Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Finally, Bank of America began coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 target price for the company. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $34.00.

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.