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

PSI Advisors LLC cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 19,932 shares of the oil and gas producer’s stock after selling 700 shares during the period. PSI Advisors LLC’s holdings in Enterprise Products Partners were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EPD. Kieckhefer Group LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter valued at $56,000. Brookstone Capital Management grew its stake in Enterprise Products Partners by 50.3% during the 4th quarter. Brookstone Capital Management now owns 40,932 shares of the oil and gas producer’s stock valued at $1,284,000 after purchasing an additional 13,698 shares during the last quarter. HBW Advisory Services LLC increased its holdings in shares of Enterprise Products Partners by 4.6% in the fourth quarter. HBW Advisory Services LLC now owns 26,703 shares of the oil and gas producer’s stock valued at $837,000 after purchasing an additional 1,165 shares during the period. A. D. Beadell Investment Counsel Inc. raised its stake in shares of Enterprise Products Partners by 0.3% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 160,310 shares of the oil and gas producer’s stock worth $5,027,000 after purchasing an additional 500 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Enterprise Products Partners by 14.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 21,266 shares of the oil and gas producer’s stock worth $667,000 after purchasing an additional 2,696 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

EPD has been the subject of a number of recent research reports. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday. Truist Financial upped their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America started coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Wells Fargo & Company downgraded 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. 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.60.

Enterprise Products Partners Stock Up 1.2 %

Enterprise Products Partners stock opened at $32.56 on Tuesday. Enterprise Products Partners L.P. has a 12 month low of $26.12 and a 12 month high of $34.63. The stock has a market capitalization of $70.58 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The business has a 50 day simple moving average of $31.79 and a 200-day simple moving average of $30.11.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The company had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.57%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. Enterprise Products Partners’s payout ratio is presently 80.15%.

About Enterprise Products Partners

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.