Enterprise Products Partners L.P. $EPD Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 983,210 shares of the oil and gas producer's stock after selling 101,634 shares during the quarter. Commonwealth Equity Services LLC's holdings in Enterprise Products Partners were worth $35,012,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. RFG Advisory LLC boosted its holdings in shares of Enterprise Products Partners by 1.3% in the second quarter. RFG Advisory LLC now owns 21,636 shares of the oil and gas producer's stock valued at $795,000 after acquiring an additional 268 shares in the last quarter. Sigma Planning Corp raised its holdings in Enterprise Products Partners by 0.8% during the second quarter. Sigma Planning Corp now owns 35,270 shares of the oil and gas producer's stock worth $1,297,000 after purchasing an additional 270 shares in the last quarter. Everest Financial Group LLC lifted its position in Enterprise Products Partners by 3.6% in the first quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer's stock valued at $298,000 after purchasing an additional 271 shares during the period. Renasant Bank lifted its position in Enterprise Products Partners by 1.3% in the second quarter. Renasant Bank now owns 21,160 shares of the oil and gas producer's stock valued at $778,000 after purchasing an additional 271 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Enterprise Products Partners by 0.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 75,188 shares of the oil and gas producer's stock valued at $2,677,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings cut Enterprise Products Partners from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday. Melius Research began coverage on Enterprise Products Partners in a report on Tuesday, September 22nd. They issued a "hold" rating and a $42.00 target price on the stock. Morgan Stanley restated an "underweight" rating and issued a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a research report on Tuesday, August 18th. Capital One Financial began coverage on Enterprise Products Partners in a research note on Tuesday, September 22nd. They set an "equal weight" rating and a $42.00 price target for the company. Finally, Wall Street Zen downgraded Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 31st. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.18.

Enterprise Products Partners Stock Down 0.2%

Shares of NYSE:EPD opened at $36.97 on Monday. Enterprise Products Partners L.P. has a 12-month low of $30.67 and a 12-month high of $40.17. The stock's 50-day moving average price is $37.51 and its two-hundred day moving average price is $37.37. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The firm has a market cap of $79.74 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.42 and a beta of 0.48.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Wednesday, October 28th. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. Enterprise Products Partners had a net margin of 10.24% and a return on equity of 21.41%. The business had revenue of $17.95 billion for the quarter, compared to analysts' expectations of $14.98 billion. During the same period last year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 49.3% on a year-over-year basis. On average, research analysts forecast that Enterprise Products Partners L.P. will post 3.05 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, October 30th. Enterprise Products Partners's dividend payout ratio (DPR) is 74.17%.

Enterprise Products Partners Company Profile

Enterprise Products Partners NYSE: EPD is a North American midstream energy company that gathers, processes, transports, stores and exports energy-related commodities. Its operations support the movement of products from producing regions to refineries, petrochemical plants and other customers.

The company's assets include pipelines, natural gas processing plants, storage facilities, and terminals. It handles natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals, and provides services such as NGL fractionation and transportation.

Founded in 1968, Enterprise Products Partners is headquartered in Houston, Texas.

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