Voya Financial Advisors Inc. Has $965,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Voya Financial Advisors Inc. trimmed its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 37.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,937 shares of the oil and gas producer's stock after selling 18,218 shares during the period. Voya Financial Advisors Inc.'s holdings in Enterprise Products Partners were worth $965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of Enterprise Products Partners by 1.3% in the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock worth $849,126,000 after acquiring an additional 359,288 shares during the last quarter. FMR LLC raised its holdings in Enterprise Products Partners by 2.1% in the 4th quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock valued at $462,067,000 after acquiring an additional 304,997 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after acquiring an additional 1,947,017 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Enterprise Products Partners by 10.1% during the 4th quarter. Stifel Financial Corp now owns 3,822,076 shares of the oil and gas producer's stock worth $119,861,000 after purchasing an additional 351,387 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Enterprise Products Partners by 10.7% in the fourth quarter. LPL Financial LLC now owns 3,326,224 shares of the oil and gas producer's stock valued at $104,310,000 after purchasing an additional 321,145 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EPD shares. Truist Financial raised their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Scotiabank upped their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Finally, Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock traded down $0.44 during trading on Tuesday, reaching $30.93. The company's stock had a trading volume of 5,140,919 shares, compared to its average volume of 4,370,742. The stock has a 50-day moving average price of $32.31 and a two-hundred day moving average price of $31.98. The stock has a market capitalization of $66.98 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. Enterprise Products Partners's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.535 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.92%. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

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.