Hsbc Holdings PLC Has $17.87 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Hsbc Holdings PLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 132.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 569,364 shares of the oil and gas producer's stock after buying an additional 324,594 shares during the quarter. Hsbc Holdings PLC's holdings in Enterprise Products Partners were worth $17,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its stake in Enterprise Products Partners by 364.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 656 shares during the last quarter. Tidemark LLC boosted its position in shares of Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners in the fourth quarter valued at about $30,000. Finally, National Bank of Canada FI boosted its holdings in Enterprise Products Partners by 55.4% during the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after buying an additional 360 shares during the last quarter. 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 analyst reports. StockNews.com upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Barclays boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Scotiabank raised their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded down $0.04 during midday trading on Wednesday, reaching $30.22. The company's stock had a trading volume of 2,350,662 shares, compared to its average volume of 5,272,874. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The company has a market cap of $65.45 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.37 and a beta of 0.78. The business's 50 day moving average price is $32.26 and its two-hundred day moving average price is $31.97. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate 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 net margin of 10.49% and a return on equity of 20.48%. Enterprise Products Partners's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

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.