Enterprise Products Partners L.P. $EPD Stake Cut by Commerce Bank

Commerce Bank trimmed its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 20.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 719,016 shares of the oil and gas producer's stock after selling 182,575 shares during the quarter. Commerce Bank's holdings in Enterprise Products Partners were worth $26,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at about $31,000. N.E.W. Advisory Services LLC bought a new stake in shares of Enterprise Products Partners during the 2nd quarter worth $37,000. Bravera Wealth grew its stake in Enterprise Products Partners by 666.7% in the 2nd quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer's stock valued at $38,000 after buying an additional 900 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Enterprise Products Partners in the 2nd quarter valued at $48,000. Finally, West Paces Advisors Inc. bought a new position in Enterprise Products Partners in the 2nd quarter worth $55,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

EPD has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Enterprise Products Partners from a "buy (b)" rating to a "buy (a-)" rating in a research report on Tuesday, August 11th. Truist Financial lifted their price objective on Enterprise Products Partners from $36.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, May 4th. UBS Group restated a "buy" rating and set a $45.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Stifel Nicolaus upped their price target on Enterprise Products Partners from $41.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $38.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Enterprise Products Partners Stock Down 0.8%

EPD stock opened at $38.12 on Friday. Enterprise Products Partners L.P. has a twelve month low of $30.01 and a twelve month high of $40.17. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The company has a market cap of $82.32 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.26 and a beta of 0.49. The business's 50-day simple moving average is $37.67 and its 200 day simple moving average is $37.51.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.The firm had revenue of $18.27 billion during the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The company's revenue for the quarter was up 60.8% on a year-over-year basis. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 3.03 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.56 dividend. The ex-dividend date was Friday, July 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.9%. Enterprise Products Partners's dividend payout ratio is currently 77.78%.

Key Stories Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: US Capital Advisors raised several EPS forecasts. The firm increased its estimates for third-quarter 2026 EPS to $0.73 from $0.70, fourth-quarter 2026 EPS to $0.78 from $0.75, full-year 2026 EPS to $3.03 from $2.88, second-quarter 2027 EPS to $0.76 from $0.75, and FY2028 EPS to $3.42 from $3.29. The FY2026 estimate is slightly above the $3.01 consensus, signaling improving expectations for EPD’s earnings outlook.
• Positive Sentiment: EPD’s long-term growth case remains supported by its infrastructure pipeline. A Zacks analysis highlighted the company’s fee-based business model, inflation-protected cash flows and approximately $6.5 billion project pipeline as potential drivers of future earnings and cash-flow growth. Will Enterprise' Expanding Infrastructure Support Long-Term Growth?
• Neutral Sentiment: Analyst commentary remains favorable but valuation-sensitive. Recent coverage described EPD’s performance as strong and discussed its attractive fundamentals, while comparisons with other midstream companies suggest investors are increasingly focused on growth, valuation and distribution yields. Enterprise Products Partners' Stellar Performance Demands An Upgrade
• Negative Sentiment: One estimate was reduced. US Capital Advisors lowered its Q3 2027 EPS forecast to $0.78 from $0.79. Although the cut is modest, the mixed revisions may have limited the positive impact of the broader estimate increases.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source