Spirit of America Management Corp NY Sells 23,750 Shares of Enterprise Products Partners L.P. $EPD

Spirit of America Management Corp NY reduced its position in Enterprise Products Partners L.P. (NYSE:EPD) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,386 shares of the oil and gas producer’s stock after selling 23,750 shares during the period. Enterprise Products Partners makes up about 1.0% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 23rd biggest position. Spirit of America Management Corp NY’s holdings in Enterprise Products Partners were worth $4,950,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EPD. Invesco Ltd. grew its stake in shares of Enterprise Products Partners by 0.3% during the 2nd quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock valued at $830,671,000 after purchasing an additional 69,505 shares during the period. Energy Income Partners LLC increased its holdings in Enterprise Products Partners by 0.6% during the third quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock valued at $459,829,000 after buying an additional 80,884 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enterprise Products Partners by 1.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,570,499 shares of the oil and gas producer’s stock worth $361,810,000 after acquiring an additional 214,995 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Enterprise Products Partners during the 3rd quarter worth $292,194,000. Finally, Berkley W R Corp grew its position in shares of Enterprise Products Partners by 17.9% during the 3rd quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock valued at $187,620,000 after acquiring an additional 910,206 shares during the period. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.5%

Shares of EPD stock opened at $39.10 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. The stock has a fifty day simple moving average of $36.08 and a two-hundred day simple moving average of $33.26. The firm has a market capitalization of $84.53 billion, a PE ratio of 14.70, a PEG ratio of 1.57 and a beta of 0.58. Enterprise Products Partners L.P. has a 52-week low of $27.77 and a 52-week high of $39.74.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $13.79 billion for the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. On average, analysts predict 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 13th. Investors of record on Friday, January 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.6%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is presently 82.71%.

More Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: MLP sector rally: Master limited partnerships including Enterprise Products are being bid up as investors chase high yields and defensive “toll-road” cash flows; the Invezz piece highlights broad MLP strength and peer gains that are supporting EPD. Here’s why MLP stocks like Energy Transfer, Enterprise Partners are soaring
• Positive Sentiment: Analyst bullishness: Royal Bank of Canada raised its price target on EPD to $42 and moved to an “outperform” rating — a near-term catalyst that lends upside support to the stock. RBC raises PT to $42 / Outperform
• Positive Sentiment: Institutional reappraisals and presentations: Recent investor attention from presentations (World Chemical Forum) and upgrades — including Wells Fargo’s move to Overweight and coverage initiated by Truist that cited strong balance-sheet metrics and distribution coverage — support confidence in EPD’s resilience. How Investors Are Reacting To Enterprise Products Partners (EPD)
• Neutral Sentiment: Positive long-term narratives: Dividend/fundamental write-ups (Motley Fool pieces) continue to present EPD as a reliable, high-yield “toll road” and long-term dividend holding — supportive for buy-and-hold investors but less likely to move intraday price materially. 3 High-Yield Pipeline Stocks to Buy Now and Hold Forever
• Negative Sentiment: Sell-side caution and downgrades: A Seeking Alpha piece argues the “window of opportunity is closing” for EPD, which can pressure sentiment among tactical traders. Enterprise Products Partners: The Window Of Opportunity Is Closing Fast
• Negative Sentiment: Recent hold/price-target cuts: Coverage notes initiating or lowering to Hold with sub-current price targets (e.g., $36 initiation reported across outlets) weigh on near-term upside and introduce conflicting signals versus the RBC raise. EPD initiated with ‘hold’ rating, $36 PT

Insiders Place Their Bets

In related news, CEO Aj Teague acquired 2,665 shares of the business’s stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. This represents a 3.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 32.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Enterprise Products Partners from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Wall Street Zen cut Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Sunday. TD Cowen raised their price objective on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Barclays boosted their price objective on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Finally, Scotiabank increased their target price on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Moderate Buy” and an average target price of $37.33.

About Enterprise Products Partners

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.