Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,510 shares of the oil and gas producer’s stock after buying an additional 7,000 shares during the quarter. Sheets Smith Wealth Management’s holdings in Enterprise Products Partners were worth $6,443,000 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 business. Chevy Chase Trust Holdings LLC purchased a new stake in Enterprise Products Partners during the third quarter worth about $205,000. SVB Wealth LLC grew its holdings in shares of Enterprise Products Partners by 23.0% in the 3rd quarter. SVB Wealth LLC now owns 14,935 shares of the oil and gas producer’s stock worth $409,000 after acquiring an additional 2,793 shares during the period. Stratos Wealth Advisors LLC increased its stake in Enterprise Products Partners by 5.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 20,646 shares of the oil and gas producer’s stock valued at $565,000 after purchasing an additional 1,037 shares in the last quarter. Brown Advisory Inc. raised its holdings in Enterprise Products Partners by 8.5% during the third quarter. Brown Advisory Inc. now owns 178,696 shares of the oil and gas producer’s stock worth $4,891,000 after purchasing an additional 13,956 shares during the last quarter. Finally, Canal Capital Management LLC purchased a new stake in Enterprise Products Partners during the third quarter worth $301,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EPD shares. Wells Fargo & Company lifted their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Barclays lifted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. Truist Financial increased their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. Finally, StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $32.75.

Enterprise Products Partners Trading Up 0.2 %

NYSE:EPD traded up $0.05 during mid-day trading on Friday, reaching $28.10. The company’s stock had a trading volume of 3,599,060 shares, compared to its average volume of 5,182,867. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The stock has a market cap of $60.93 billion, a P/E ratio of 11.02 and a beta of 1.02. The company’s fifty day simple moving average is $28.64 and its two-hundred day simple moving average is $27.35. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.75%. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same period last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.7 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.33%. Enterprise Products Partners’s payout ratio is 80.78%.

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.