TT Capital Management LLC Invests $759,000 in Enterprise Products Partners L.P. (NYSE:EPD)

TT Capital Management LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,769 shares of the oil and gas producer's stock, valued at approximately $759,000.

Several other institutional investors also recently bought and sold shares of the company. RE Dickinson Investment Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 15.9% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 8,374 shares of the oil and gas producer's stock valued at $263,000 after buying an additional 1,151 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $661,000. Rockefeller Capital Management L.P. boosted its position in shares of Enterprise Products Partners by 6.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,785,628 shares of the oil and gas producer's stock worth $55,997,000 after purchasing an additional 107,678 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth $397,000. Finally, KDK Private Wealth Management LLC purchased a new position in shares of Enterprise Products Partners in the 4th quarter valued at about $22,333,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Up 2.1 %

Shares of EPD stock traded up $0.63 on Tuesday, hitting $30.95. The stock had a trading volume of 4,589,528 shares, compared to its average volume of 4,376,632. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The firm has a market capitalization of $67.03 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.37 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock's 50 day moving average is $32.75 and its 200-day moving average is $31.86.

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

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is 79.55%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EPD. Truist Financial boosted their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Finally, Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners 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.