Trek Financial LLC Has $3.33 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Trek Financial LLC trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 10.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,582 shares of the oil and gas producer's stock after selling 10,989 shares during the quarter. Trek Financial LLC's holdings in Enterprise Products Partners were worth $3,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EPD. Kayne Anderson Capital Advisors LP grew 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 worth $426,125,000 after buying an additional 1,947,017 shares in the last quarter. Truist Financial Corp grew its holdings in Enterprise Products Partners by 293.6% in the 1st quarter. Truist Financial Corp now owns 2,018,964 shares of the oil and gas producer's stock worth $68,927,000 after buying an additional 1,506,055 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Enterprise Products Partners in the 4th quarter worth approximately $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enterprise Products Partners by 8.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock worth $330,739,000 after buying an additional 851,188 shares in the last quarter. Finally, KDK Private Wealth Management LLC acquired a new stake in Enterprise Products Partners in the fourth quarter worth approximately $22,333,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Up 1.3%

Shares of NYSE:EPD traded up $0.41 during midday trading on Tuesday, hitting $31.72. 3,035,648 shares of the stock were exchanged, compared to its average volume of 4,471,662. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The business's fifty day simple moving average is $31.26 and its two-hundred day simple moving average is $32.08. The company has a market capitalization of $68.80 billion, a PE ratio of 11.88, a P/E/G ratio of 1.31 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $15.42 billion for 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on EPD. Scotiabank upped 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. Morgan Stanley increased their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, Citigroup cut their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners has an average rating of "Moderate Buy" and an average target price of $36.20.

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.