Requisite Capital Management LLC Decreases Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Requisite Capital Management LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 22.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,734 shares of the oil and gas producer’s stock after selling 9,141 shares during the period. Requisite Capital Management LLC’s holdings in Enterprise Products Partners were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of EPD. Alps Advisors Inc. grew its position in Enterprise Products Partners by 20.2% in the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock valued at $1,038,731,000 after acquiring an additional 6,369,350 shares during the last quarter. American Century Companies Inc. grew its position in Enterprise Products Partners by 14.2% in the 3rd 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 acquiring an additional 2,155,640 shares during the last quarter. Deutsche Bank AG grew its position in Enterprise Products Partners by 2.6% in the 3rd quarter. Deutsche Bank AG now owns 4,884,123 shares of the oil and gas producer’s stock valued at $133,678,000 after acquiring an additional 125,450 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Enterprise Products Partners by 2.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,686,444 shares of the oil and gas producer’s stock valued at $123,488,000 after acquiring an additional 109,712 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Enterprise Products Partners by 0.5% in the 4th quarter. Stifel Financial Corp now owns 3,353,572 shares of the oil and gas producer’s stock valued at $88,367,000 after acquiring an additional 16,641 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded up $0.06 during midday trading on Tuesday, hitting $29.05. The stock had a trading volume of 2,244,016 shares, compared to its average volume of 4,468,674. The company has a market capitalization of $63.07 billion, a PE ratio of 11.37, a P/E/G ratio of 1.35 and a beta of 1.04. The stock has a 50 day simple moving average of $28.52 and a 200-day simple moving average of $27.92. Enterprise Products Partners L.P. has a 1 year low of $25.61 and a 1 year high of $29.99. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.09%. Enterprise Products Partners’s payout ratio is presently 80.78%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial upped their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho restated a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Morgan Stanley decreased their price objective on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, June 10th. Barclays upped their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Finally, Scotiabank increased their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.77.

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.