Enterprise Products Partners L.P. $EPD Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457,137 shares of the oil and gas producer’s stock after selling 76,767 shares during the period. Enterprise Products Partners accounts for 1.0% of Icon Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Icon Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $14,647,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC boosted its stake in shares of Enterprise Products Partners by 1.5% in the third quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock worth $661,000 after acquiring an additional 317 shares during the last quarter. ORG Wealth Partners LLC lifted its position in Enterprise Products Partners by 0.5% during the fourth quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock worth $2,125,000 after buying an additional 317 shares in the last quarter. Walker Asset Management LLC lifted its position in Enterprise Products Partners by 1.7% during the fourth quarter. Walker Asset Management LLC now owns 19,678 shares of the oil and gas producer’s stock worth $631,000 after buying an additional 326 shares in the last quarter. Mission Wealth Management LP lifted its position in Enterprise Products Partners by 1.0% during the fourth quarter. Mission Wealth Management LP now owns 32,348 shares of the oil and gas producer’s stock worth $1,037,000 after buying an additional 328 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in Enterprise Products Partners by 5.9% during the fourth quarter. Montag A & Associates Inc. now owns 5,880 shares of the oil and gas producer’s stock worth $189,000 after buying an additional 330 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enterprise Products Partners news, CEO Aj Teague bought 2,665 shares of Enterprise Products Partners stock in a transaction on Friday, March 20th. The shares were bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the transaction, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This trade represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $37.29 on Friday. Enterprise Products Partners L.P. has a 52 week low of $30.01 and a 52 week high of $40.17. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $80.60 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.33 and a beta of 0.49. The stock’s fifty day moving average is $38.00 and its two-hundred day moving average is $35.67.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The business had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. Enterprise Products Partners’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities analysts expect that Enterprise Products Partners L.P. will post 2.98 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a $0.55 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.9%. Enterprise Products Partners’s payout ratio is currently 81.48%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada lifted their price objective on Enterprise Products Partners from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Citigroup reiterated a “buy” rating and set a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Finally, UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.67.

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.