Atria Wealth Solutions Inc. Sells 21,134 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Atria Wealth Solutions Inc. reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,356 shares of the oil and gas producer's stock after selling 21,134 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Enterprise Products Partners were worth $6,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EPD. Brighton Jones LLC raised its holdings in shares of Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after buying an additional 5,425 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Enterprise Products Partners by 4.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 24,937 shares of the oil and gas producer's stock valued at $782,000 after acquiring an additional 1,074 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Enterprise Products Partners by 51.5% during the fourth quarter. Alliancebernstein L.P. now owns 362,183 shares of the oil and gas producer's stock worth $11,358,000 after acquiring an additional 123,170 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Enterprise Products Partners by 7.4% in the 4th quarter. Franklin Resources Inc. now owns 168,559 shares of the oil and gas producer's stock worth $5,286,000 after acquiring an additional 11,626 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. TD Cowen assumed coverage on Enterprise Products Partners in a report on Monday, July 7th. They issued a "hold" rating and a $33.00 price objective on the stock. Mizuho set a $38.00 target price on Enterprise Products Partners and gave the company an "outperform" rating in a research note on Friday, July 11th. Stifel Nicolaus reduced their price target on Enterprise Products Partners from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.25.

Enterprise Products Partners Trading Up 0.9%

NYSE:EPD traded up $0.27 during trading hours on Friday, hitting $31.46. The company had a trading volume of 5,434,247 shares, compared to its average volume of 4,774,363. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64. The stock has a 50-day moving average price of $31.36 and a 200 day moving average price of $31.97. The company has a market capitalization of $68.23 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.80 and a beta of 0.66. Enterprise Products Partners L.P. has a 52 week low of $27.77 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $15.24 billion. Enterprise Products Partners had a return on equity of 19.88% and a net margin of 10.71%. Enterprise Products Partners's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.545 per share. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, July 31st. Enterprise Products Partners's payout ratio is 81.04%.

Insider Buying and Selling

In other news, Director John R. Rutherford purchased 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of $31.35 per share, with a total value of $470,250.00. Following the completion of the transaction, the director directly owned 158,586 shares of the company's stock, valued at approximately $4,971,671.10. The trade was a 10.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Montgomery bought 16,000 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was acquired at an average cost of $31.55 per share, with a total value of $504,800.00. Following the transaction, the director owned 136,920 shares in the company, valued at $4,319,826. The trade was a 13.23% increase in their position. The disclosure for this purchase can be found here. 32.60% of the stock is currently owned by company insiders.

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.