Enterprise Products Partners L.P. (NYSE:EPD) Holdings Lifted by Alps Advisors Inc.

Alps Advisors Inc. grew its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,326,613 shares of the oil and gas producer's stock after purchasing an additional 1,967,188 shares during the period. Enterprise Products Partners makes up approximately 8.2% of Alps Advisors Inc.'s portfolio, making the stock its biggest holding. Alps Advisors Inc. owned about 1.91% of Enterprise Products Partners worth $1,410,891,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kayne Anderson Capital Advisors LP lifted its position in shares of Enterprise Products Partners by 16.7% in the fourth 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. Truist Financial Corp lifted its position in shares of Enterprise Products Partners by 293.6% in the first quarter. Truist Financial Corp now owns 2,018,964 shares of the oil and gas producer's stock valued at $68,927,000 after acquiring an additional 1,506,055 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after acquiring an additional 851,188 shares in the last quarter. Finally, KDK Private Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $22,333,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded down $0.14 during mid-day trading on Friday, reaching $31.91. The company had a trading volume of 2,518,045 shares, compared to its average volume of 4,482,922. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The stock has a market cap of $69.21 billion, a PE ratio of 11.95, a P/E/G ratio of 1.36 and a beta of 0.64. The company has a 50-day moving average price of $31.39 and a two-hundred day moving average price of $32.09. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.83%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 31st. Enterprise Products Partners's payout ratio is presently 80.15%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Scotiabank increased their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Mizuho reduced their target price on Enterprise Products Partners from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.36.

Enterprise Products Partners Company 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.