XTX Topco Ltd Cuts Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

XTX Topco Ltd trimmed its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 75.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,588 shares of the oil and gas producer's stock after selling 35,792 shares during the period. XTX Topco Ltd's holdings in Enterprise Products Partners were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EPD. Paragon Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the third quarter worth $2,628,000. FMR LLC grew its stake in Enterprise Products Partners by 9.3% during the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after purchasing an additional 1,225,988 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Enterprise Products Partners by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer's stock worth $118,561,000 after purchasing an additional 200,625 shares during the period. Brookfield Corp ON raised its position in Enterprise Products Partners by 6.2% during the 3rd quarter. Brookfield Corp ON now owns 4,762,585 shares of the oil and gas producer's stock worth $138,639,000 after buying an additional 278,892 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Enterprise Products Partners by 37.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 58,510 shares of the oil and gas producer's stock valued at $1,703,000 after acquiring an additional 16,018 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Down 0.9 %

Shares of NYSE:EPD traded down $0.29 on Tuesday, hitting $31.29. 2,958,581 shares of the company's stock were exchanged, compared to its average volume of 4,302,492. The firm's 50-day moving average is $30.87 and its 200 day moving average is $29.71. The company has a market capitalization of $67.82 billion, a PE ratio of 11.72, a P/E/G ratio of 1.67 and a beta of 1.08. Enterprise Products Partners L.P. has a 1-year low of $26.02 and a 1-year high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.71%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EPD. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Bank of America assumed coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, 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. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Enterprise Products Partners 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.