Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 32.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,739 shares of the oil and gas producer’s stock after selling 80,938 shares during the period. Teamwork Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $4,895,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in shares of Enterprise Products Partners by 9.3% during the 3rd quarter. Lazard Asset Management LLC now owns 18,835 shares of the oil and gas producer’s stock worth $515,000 after purchasing an additional 1,606 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Enterprise Products Partners during the third quarter worth approximately $1,314,000. ELCO Management Co. LLC lifted its holdings in shares of Enterprise Products Partners by 1.4% during the 3rd quarter. ELCO Management Co. LLC now owns 59,877 shares of the oil and gas producer’s stock valued at $1,639,000 after acquiring an additional 826 shares in the last quarter. Legacy Advisors LLC increased its holdings in Enterprise Products Partners by 0.5% in the 3rd quarter. Legacy Advisors LLC now owns 99,157 shares of the oil and gas producer’s stock valued at $2,714,000 after purchasing an additional 521 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Enterprise Products Partners by 9.1% during the third quarter. Lake Street Advisors Group LLC now owns 11,763 shares of the oil and gas producer’s stock worth $322,000 after purchasing an additional 979 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EPD. Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Wells Fargo & Company boosted their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.77.

Enterprise Products Partners Stock Up 0.1 %

NYSE EPD traded up $0.02 on Thursday, hitting $29.06. 2,236,450 shares of the stock traded hands, compared to its average volume of 2,740,137. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average of $28.52 and a 200 day moving average of $27.95. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $29.99. The company has a market capitalization of $63.11 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data 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 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 analysts’ expectations of $13.82 billion. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.72 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid a dividend of $0.515 per share. The ex-dividend date was Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.09%. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.78%.

Enterprise Products Partners Company 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.