Stock Yards Bank & Trust Co. Sells 3,625 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Stock Yards Bank & Trust Co. reduced its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,483 shares of the oil and gas producer’s stock after selling 3,625 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Enterprise Products Partners were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EPD. Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at $43,000. Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners during the third quarter worth about $48,000. Bear Mountain Capital Inc. acquired a new stake in Enterprise Products Partners during the fourth quarter worth about $53,000. Headinvest LLC bought a new position in Enterprise Products Partners in the 3rd quarter valued at about $62,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Enterprise Products Partners by 31.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,591 shares of the oil and gas producer’s stock valued at $68,000 after buying an additional 614 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $29.01 on Tuesday. The company has a market capitalization of $62.89 billion, a price-to-earnings ratio of 11.51 and a beta of 1.02. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The stock has a fifty day simple moving average of $28.41 and a 200 day simple moving average of $27.28. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Stifel Nicolaus upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research report on Friday, April 5th. Truist Financial increased their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Mizuho reaffirmed a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.58.

About Enterprise Products Partners

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.