Searle & CO. Has $956,000 Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Searle & CO. grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,288 shares of the oil and gas producer’s stock after purchasing an additional 917 shares during the period. Searle & CO.’s holdings in Enterprise Products Partners were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. raised its holdings in Enterprise Products Partners by 20.2% during the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after buying an additional 6,369,350 shares during the last quarter. Blackstone Inc. raised its stake in shares of Enterprise Products Partners by 12.0% in the third quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock worth $633,174,000 after purchasing an additional 2,472,847 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Enterprise Products Partners by 14.2% during the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock valued at $474,367,000 after buying an additional 2,155,640 shares during the last quarter. Invesco Ltd. grew its holdings in Enterprise Products Partners by 10.5% during the third quarter. Invesco Ltd. now owns 10,164,886 shares of the oil and gas producer’s stock worth $278,213,000 after buying an additional 969,199 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Enterprise Products Partners by 16.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,634,854 shares of the oil and gas producer’s stock worth $263,706,000 after acquiring an additional 1,325,390 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. 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. Barclays lifted their price objective 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. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Finally, Wells Fargo & Company raised their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $32.75.

Enterprise Products Partners Price Performance

NYSE EPD traded down $0.34 during trading on Wednesday, reaching $27.74. The company’s stock had a trading volume of 5,837,005 shares, compared to its average volume of 5,018,336. The firm has a fifty day moving average of $28.62 and a 200 day moving average of $27.34. Enterprise Products Partners L.P. has a one year low of $25.19 and a one year high of $29.99. The stock has a market capitalization of $60.15 billion, a PE ratio of 11.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same period in the prior year, the business earned $0.64 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 18.6% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.43%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

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.