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

United Capital Financial Advisors LLC cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,800 shares of the oil and gas producer’s stock after selling 9,844 shares during the period. United Capital Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $558,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EPD. Rosenberg Matthew Hamilton lifted its position in shares of Enterprise Products Partners by 364.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 656 shares during the last quarter. Tidemark LLC lifted its holdings in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at approximately $30,000. Finally, National Bank of Canada FI lifted its stake in Enterprise Products Partners by 55.4% during the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 360 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EPD has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Barclays lifted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the 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 Stock Performance

EPD stock opened at $31.05 on Monday. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a market capitalization of $67.25 billion, a P/E ratio of 11.54, a PEG ratio of 1.37 and a beta of 0.78. The company has a 50-day simple moving average of $32.61 and a 200 day simple moving average of $31.91. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 6.89%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

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.