Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 92,257 shares of the oil and gas producer's stock after selling 12,776 shares during the period. Valeo Financial Advisors LLC's holdings in Enterprise Products Partners were worth $2,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPD. Good Life Advisors LLC raised its holdings in Enterprise Products Partners by 21.6% during the 3rd quarter. Good Life Advisors LLC now owns 15,913 shares of the oil and gas producer's stock valued at $463,000 after buying an additional 2,828 shares during the period. Ellsworth Advisors LLC raised its holdings in Enterprise Products Partners by 3.1% during the 3rd quarter. Ellsworth Advisors LLC now owns 22,642 shares of the oil and gas producer's stock valued at $659,000 after buying an additional 683 shares during the period. DiNuzzo Private Wealth Inc. raised its holdings in Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 1,000 shares during the period. Addison Capital Co raised its holdings in Enterprise Products Partners by 174.3% during the 3rd quarter. Addison Capital Co now owns 47,315 shares of the oil and gas producer's stock valued at $1,377,000 after buying an additional 30,068 shares during the period. Finally, Ellenbecker Investment Group raised its holdings in Enterprise Products Partners by 1.5% during the 3rd quarter. Ellenbecker Investment Group now owns 25,247 shares of the oil and gas producer's stock valued at $735,000 after buying an additional 374 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EPD shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Citigroup increased their target price on Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Truist Financial increased their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Four equities research 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. According to MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus target price of $34.70.

Enterprise Products Partners Stock Up 0.7 %

Shares of EPD traded up $0.25 during midday trading on Tuesday, reaching $33.69. 4,041,399 shares of the stock were exchanged, compared to its average volume of 4,863,090. Enterprise Products Partners L.P. has a 52 week low of $27.20 and a 52 week high of $34.63. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company's 50 day moving average is $32.53 and its two-hundred day moving average is $30.82. The company has a market capitalization of $73.02 billion, a P/E ratio of 12.52, a PEG ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The business's revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.87 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

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

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.