Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,933,020 shares of the oil and gas producer's stock after selling 139,846 shares during the quarter. Thrivent Financial for Lutherans owned 0.18% of Enterprise Products Partners worth $123,339,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. FMR LLC increased its stake 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 worth $420,037,000 after buying an additional 1,225,988 shares during the period. Kayne Anderson Capital Advisors LP increased its position in shares of Enterprise Products Partners by 16.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock worth $426,125,000 after acquiring an additional 1,947,017 shares during the period. Brookfield Corp ON raised its stake in shares of Enterprise Products Partners by 6.2% during the third quarter. Brookfield Corp ON now owns 4,762,585 shares of the oil and gas producer's stock valued at $138,639,000 after acquiring an additional 278,892 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Enterprise Products Partners by 0.3% in the third quarter. Stifel Financial Corp now owns 3,470,689 shares of the oil and gas producer's stock valued at $101,032,000 after purchasing an additional 9,257 shares during the period. Finally, Miller Howard Investments Inc. NY increased its holdings in Enterprise Products Partners by 5.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 3,209,370 shares of the oil and gas producer's stock worth $100,646,000 after purchasing an additional 153,083 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

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Enterprise Products Partners Stock Down 1.2 %

Enterprise Products Partners stock traded down $0.42 during midday trading on Friday, reaching $33.69. The company's stock had a trading volume of 5,731,334 shares, compared to its average volume of 4,141,575. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The stock has a market capitalization of $72.95 billion, a P/E ratio of 12.52, a PEG ratio of 1.37 and a beta of 1.08. 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's 50-day simple moving average is $33.38 and its 200-day simple moving average is $31.51.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. Enterprise Products Partners's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.535 dividend. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a yield of 6.35%. Enterprise Products Partners's dividend payout ratio (DPR) is 79.55%.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of recent research reports. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Scotiabank increased their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Morgan Stanley lifted 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 report on Tuesday, March 11th. Finally, Barclays upped their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.90.

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.