CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lessened its stake in Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 10.0% in the fourth quarter, Holdings Channel reports. The fund owned 1,792,500 shares of the oil and gas producer’s stock after selling 200,000 shares during the quarter. Enterprise Products Partners makes up about 3.3% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings, making the stock its 13th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Enterprise Products Partners were worth $57,468,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arete Wealth Advisors LLC boosted its holdings in Enterprise Products Partners by 1.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock worth $661,000 after acquiring an additional 317 shares during the period. ORG Wealth Partners LLC boosted its holdings in Enterprise Products Partners by 0.5% in the 4th quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock worth $2,125,000 after acquiring an additional 317 shares during the period. Walker Asset Management LLC boosted its holdings in Enterprise Products Partners by 1.7% in the 4th quarter. Walker Asset Management LLC now owns 19,678 shares of the oil and gas producer’s stock worth $631,000 after acquiring an additional 326 shares during the period. Patrick M Sweeney & Associates Inc. boosted its holdings in Enterprise Products Partners by 2.9% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 11,978 shares of the oil and gas producer’s stock worth $375,000 after acquiring an additional 334 shares during the period. Finally, AA Financial Advisors LLC boosted its holdings in Enterprise Products Partners by 2.8% in the 4th quarter. AA Financial Advisors LLC now owns 12,773 shares of the oil and gas producer’s stock worth $410,000 after acquiring an additional 348 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.
Insider Transactions at Enterprise Products Partners
In other news, CEO Aj Teague acquired 2,665 shares of Enterprise Products Partners stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the purchase, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This trade represents a 3.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 32.60% of the stock is owned by company insiders.
Enterprise Products Partners Stock Performance
Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.
Enterprise Products Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio (DPR) is 82.71%.
More Enterprise Products Partners News
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Management announced a quarterly cash distribution of $0.55 per share, reinforcing EPD’s income profile and supporting yield-seeking demand. Enterprise Products Partners (EPD) Announces Quarterly Dividend of $0.55 per Share
- Positive Sentiment: Multiple retail-focused outlets continue to feature EPD as a high-yield, income-oriented pick, which can sustain institutional and retail interest for longer-term dividend investors. This 5.8% Yield Is Safe and Here’s How You Know
- Positive Sentiment: EPD is also included in roundups of high-yield dividend stocks that attract new cash allocations from income investors. Put $10,000 Into These High-Yield Dividend Stocks and Collect Passive Income Year After Year
- Neutral Sentiment: Some analyst note pieces are providing mixed or idiosyncratic takes on EPD along with peers, offering insights but no clear consensus-driven catalyst. Analysts Have Conflicting Sentiments on These Energy Companies: TC Energy (TRP) and Enterprise Products Partners (EPD)
- Neutral Sentiment: Additional analyst commentaries include EPD in broader energy-company reviews (Permian, Whitecap, APA), which provide context but don’t present firm-specific surprises. Analysts Offer Insights on Energy Companies: Permian Resources (PR), Enterprise Products Partners (EPD) and APA (APA)
- Negative Sentiment: Market reaction: shares slipped on the most recent trading session, with media headlines noting the intraday decline — likely short-term selling pressure or profit-taking despite the dividend news. Enterprise Products Partners (EPD) Stock Sinks As Market Gains: Here’s Why
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Scotiabank upped their price target on Enterprise Products Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 17th. Wells Fargo & Company upgraded Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $42.00 in a report on Wednesday, March 25th. Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Monday, April 6th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $42.00 target price on shares of Enterprise Products Partners in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.27.
Check Out Our Latest Analysis on Enterprise Products Partners
Enterprise Products Partners Profile
Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.
Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.
Further Reading
Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD – Free Report).
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