Enterprise Products Partners L.P. (NYSE:EPD) Position Decreased by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC decreased its position in Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 451,366 shares of the oil and gas producer’s stock after selling 409 shares during the period. Enterprise Products Partners comprises approximately 3.4% of Fort Sheridan Advisors LLC’s portfolio, making the stock its 4th biggest holding. Fort Sheridan Advisors LLC’s holdings in Enterprise Products Partners were worth $11,650,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Energy Income Partners LLC lifted its stake in Enterprise Products Partners by 0.3% in the fourth quarter. Energy Income Partners LLC now owns 13,931,284 shares of the oil and gas producer’s stock valued at $305,931,000 after purchasing an additional 38,821 shares during the last quarter. Invesco Ltd. lifted its stake in Enterprise Products Partners by 2.6% in the fourth quarter. Invesco Ltd. now owns 9,842,675 shares of the oil and gas producer’s stock valued at $216,146,000 after purchasing an additional 245,615 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Enterprise Products Partners by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,402,476 shares of the oil and gas producer’s stock valued at $140,598,000 after purchasing an additional 658,945 shares during the last quarter. Hamlin Capital Management LLC lifted its stake in Enterprise Products Partners by 6.7% in the first quarter. Hamlin Capital Management LLC now owns 4,810,415 shares of the oil and gas producer’s stock valued at $124,157,000 after purchasing an additional 300,495 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in Enterprise Products Partners by 5.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 4,120,978 shares of the oil and gas producer’s stock valued at $90,497,000 after purchasing an additional 219,997 shares during the last quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock opened at $25.70 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $25.65 and a 200-day moving average of $25.43. The firm has a market cap of $56.04 billion, a P/E ratio of 11.58 and a beta of 1.16. Enterprise Products Partners L.P. has a 1-year low of $20.42 and a 1-year high of $28.65.

Enterprise Products Partners (NYSE:EPDGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The oil and gas producer reported $0.64 EPS for the quarter, topping the consensus estimate of $0.63 by $0.01. Enterprise Products Partners had a net margin of 9.54% and a return on equity of 19.08%. The business had revenue of $16.06 billion during the quarter, compared to analyst estimates of $11.96 billion. During the same period last year, the business posted $0.51 earnings per share. Enterprise Products Partners’s quarterly revenue was up 69.9% compared to the same quarter last year. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.5 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.90 annualized dividend and a dividend yield of 7.39%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.47. Enterprise Products Partners’s dividend payout ratio (DPR) is 85.59%.

Insider Activity at Enterprise Products Partners

In related news, Director Carin Marcy Barth bought 19,050 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were bought at an average price of $23.64 per share, for a total transaction of $450,342.00. Following the completion of the acquisition, the director now owns 19,050 shares of the company’s stock, valued at approximately $450,342. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Enterprise Products Partners news, Director Carin Marcy Barth purchased 19,050 shares of the company’s stock in a transaction dated Friday, June 24th. The shares were acquired at an average price of $23.64 per share, for a total transaction of $450,342.00. Following the purchase, the director now directly owns 19,050 shares of the company’s stock, valued at approximately $450,342. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John R. Rutherford bought 6,500 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average price of $25.78 per share, for a total transaction of $167,570.00. Following the purchase, the director now owns 113,941 shares in the company, valued at approximately $2,937,398.98. The disclosure for this purchase can be found here. 37.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, July 8th. Raymond James boosted their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “strong-buy” rating in a report on Thursday. US Capital Advisors reissued a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, June 1st. Truist Financial boosted their target price on shares of Enterprise Products Partners from $27.00 to $30.00 in a report on Tuesday, May 3rd. Finally, TD Securities boosted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Enterprise Products Partners Profile

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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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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