World Investment Advisors Grows Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

World Investment Advisors boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 31.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,192 shares of the oil and gas producer's stock after acquiring an additional 12,442 shares during the quarter. World Investment Advisors' holdings in Enterprise Products Partners were worth $1,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EPD. Trust Co. of Vermont boosted its holdings in Enterprise Products Partners by 10.0% during the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 300 shares during the period. Griffin Asset Management Inc. boosted its stake in Enterprise Products Partners by 0.8% in the 4th quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock worth $1,203,000 after purchasing an additional 305 shares in the last quarter. Evanson Asset Management LLC lifted its stake in shares of Enterprise Products Partners by 0.4% in the fourth quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock worth $2,304,000 after buying an additional 306 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Enterprise Products Partners by 14.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after buying an additional 308 shares during the last quarter. Finally, Sandbox Financial Partners LLC raised its holdings in Enterprise Products Partners by 3.2% in the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock worth $317,000 after acquiring an additional 309 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

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Enterprise Products Partners Trading Down 3.5 %

NYSE:EPD traded down $1.01 during midday trading on Wednesday, hitting $28.08. The stock had a trading volume of 2,752,997 shares, compared to its average volume of 4,323,243. 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 company has a market capitalization of $60.80 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.37 and a beta of 0.78. The stock has a 50-day moving average of $33.15 and a 200 day moving average of $31.86. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63.

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

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EPD. Morgan Stanley upped their target price 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. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wells Fargo & Company cut shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective on the stock. in a research report on Wednesday, December 18th. Finally, Truist Financial increased their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Enterprise Products Partners currently has an average rating of "Moderate Buy" and a consensus price target of $36.89.

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.