Capital Investment Advisors LLC Lowers Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Capital Investment Advisors LLC lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 587,199 shares of the oil and gas producer’s stock after selling 4,088 shares during the period. Capital Investment Advisors LLC’s holdings in Enterprise Products Partners were worth $18,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brookstone Capital Management raised its holdings in shares of Enterprise Products Partners by 50.3% in the 4th quarter. Brookstone Capital Management now owns 40,932 shares of the oil and gas producer’s stock worth $1,284,000 after purchasing an additional 13,698 shares during the period. HBW Advisory Services LLC raised its stake in shares of Enterprise Products Partners by 4.6% in the 4th quarter. HBW Advisory Services LLC now owns 26,703 shares of the oil and gas producer’s stock valued at $837,000 after acquiring an additional 1,165 shares during the period. A. D. Beadell Investment Counsel Inc. increased its holdings in Enterprise Products Partners by 0.3% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 160,310 shares of the oil and gas producer’s stock valued at $5,027,000 after purchasing an additional 500 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of Enterprise Products Partners by 14.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 21,266 shares of the oil and gas producer’s stock worth $667,000 after purchasing an additional 2,696 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enterprise Products Partners by 6.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,022,342 shares of the oil and gas producer’s stock valued at $29,760,000 after buying an additional 60,953 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EPD shares. Bank of America started coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective on the stock. Truist Financial lifted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Scotiabank initiated coverage on Enterprise Products Partners in a report on Friday. They set a “sector perform” rating and a $33.00 target price on the stock. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.60.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded up $0.50 during mid-day trading on Monday, reaching $32.67. 2,180,741 shares of the company traded hands, compared to its average volume of 3,339,266. The firm has a market cap of $70.81 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners L.P. has a fifty-two week low of $26.12 and a fifty-two week high of $34.63. The stock has a fifty day simple moving average of $31.72 and a 200-day simple moving average of $30.09.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter last year, the company earned $0.60 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.55%. Enterprise Products Partners’s payout ratio is 80.15%.

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.