CENTRAL TRUST Co Decreases Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

CENTRAL TRUST Co decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,217 shares of the oil and gas producer’s stock after selling 800 shares during the quarter. CENTRAL TRUST Co’s holdings in Enterprise Products Partners were worth $854,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in shares of Enterprise Products Partners by 41.5% in the fourth quarter. Valley National Advisers Inc. now owns 42,940 shares of the oil and gas producer’s stock valued at $1,346,000 after acquiring an additional 12,594 shares during the period. McAdam LLC boosted its stake in shares of Enterprise Products Partners by 2.9% during the 4th quarter. McAdam LLC now owns 29,476 shares of the oil and gas producer’s stock valued at $924,000 after purchasing an additional 831 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Enterprise Products Partners by 0.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,884,424 shares of the oil and gas producer’s stock valued at $59,096,000 after purchasing an additional 11,600 shares in the last quarter. Golden State Equity Partners boosted its stake in shares of Enterprise Products Partners by 471.5% during the 4th quarter. Golden State Equity Partners now owns 42,797 shares of the oil and gas producer’s stock valued at $1,342,000 after purchasing an additional 35,308 shares in the last quarter. Finally, PBMares Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $628,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 1.7 %

Shares of Enterprise Products Partners stock opened at $33.22 on Tuesday. 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 has a market capitalization of $72.00 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. Enterprise Products Partners L.P. has a 52-week low of $26.12 and a 52-week high of $34.63. The company has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $30.54.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.535 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.44%. Enterprise Products Partners’s payout ratio is 80.15%.

Analysts Set New Price Targets

EPD has been the topic of a number of research reports. Truist Financial lifted their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a research note on Wednesday, December 18th. Finally, Scotiabank started coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They set a “sector perform” rating and a $33.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.44.

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.