Keybank National Association OH Has $3.77 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Keybank National Association OH boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 120,053 shares of the oil and gas producer’s stock after buying an additional 326 shares during the period. Keybank National Association OH’s holdings in Enterprise Products Partners were worth $3,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kapstone Financial Advisors LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $223,000. Exencial Wealth Advisors LLC increased its holdings in Enterprise Products Partners by 3.6% in the fourth quarter. Exencial Wealth Advisors LLC now owns 112,706 shares of the oil and gas producer’s stock valued at $3,534,000 after purchasing an additional 3,960 shares during the period. NBW Capital LLC increased its holdings in Enterprise Products Partners by 0.5% in the fourth quarter. NBW Capital LLC now owns 338,363 shares of the oil and gas producer’s stock valued at $10,611,000 after purchasing an additional 1,558 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in Enterprise Products Partners by 7.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer’s stock valued at $9,726,000 after purchasing an additional 21,192 shares during the period. Finally, Resolute Wealth Strategies LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth about $215,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EPD. Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Truist Financial increased their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Scotiabank began coverage on Enterprise Products Partners in a report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price target 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 price target for the company. in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Enterprise Products Partners Price Performance

EPD stock opened at $33.18 on Thursday. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The stock has a market capitalization of $71.85 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. 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 company’s 50-day moving average is $32.98 and its 200-day moving average is $31.20.

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

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.535 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.45%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

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.