Capital Advisors Inc. OK Sells 1,123 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Capital Advisors Inc. OK cut its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 33,458 shares of the oil and gas producer’s stock after selling 1,123 shares during the period. Capital Advisors Inc. OK’s holdings in Enterprise Products Partners were worth $1,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. CWM LLC grew its holdings in shares of Enterprise Products Partners by 8.4% during the 3rd quarter. CWM LLC now owns 72,044 shares of the oil and gas producer’s stock valued at $2,097,000 after purchasing an additional 5,590 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Enterprise Products Partners by 438.3% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,864 shares of the oil and gas producer’s stock valued at $83,000 after purchasing an additional 2,332 shares during the last quarter. Empirical Asset Management LLC grew its holdings in shares of Enterprise Products Partners by 2.8% during the 3rd quarter. Empirical Asset Management LLC now owns 16,491 shares of the oil and gas producer’s stock valued at $480,000 after purchasing an additional 450 shares during the last quarter. Keystone Wealth Services LLC bought a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $419,000. Finally, Magnus Financial Group LLC grew its holdings in Enterprise Products Partners by 5.9% during the 3rd quarter. Magnus Financial Group LLC now owns 42,779 shares of the oil and gas producer’s stock worth $1,245,000 after acquiring an additional 2,390 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Up 0.3 %

Enterprise Products Partners stock opened at $33.24 on Wednesday. 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 L.P. has a 12-month low of $26.31 and a 12-month high of $34.63. The firm’s fifty day moving average is $32.48 and its 200 day moving average is $30.68. The company has a market capitalization of $72.04 billion, a PE ratio of 12.36, a PEG ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the company earned $0.72 EPS. Enterprise Products Partners’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.87 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.535 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.44%. Enterprise Products Partners’s dividend payout ratio is presently 79.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Scotiabank assumed coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They set a “sector perform” rating and a $33.00 target price on the stock. Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. 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 report on Wednesday, December 18th. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, Truist Financial boosted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.70.

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.