Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 60,493 shares of the oil and gas producer's stock after selling 10,842 shares during the quarter. IHT Wealth Management LLC's holdings in Enterprise Products Partners were worth $1,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Enterprise Products Partners by 1.3% in the 4th quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock valued at $849,126,000 after purchasing an additional 359,288 shares during the period. FMR LLC raised its stake in Enterprise Products Partners by 2.1% during the fourth quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock valued at $462,067,000 after buying an additional 304,997 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Enterprise Products Partners by 16.7% during 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 buying an additional 1,947,017 shares during the last quarter. Stifel Financial Corp raised its stake in Enterprise Products Partners by 10.1% during the fourth quarter. Stifel Financial Corp now owns 3,822,076 shares of the oil and gas producer's stock valued at $119,861,000 after buying an additional 351,387 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Enterprise Products Partners by 10.7% during the fourth quarter. LPL Financial LLC now owns 3,326,224 shares of the oil and gas producer's stock valued at $104,310,000 after buying an additional 321,145 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EPD. Truist Financial lifted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Scotiabank increased their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Morgan Stanley increased their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Barclays increased their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Finally, Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded up $0.04 during midday trading on Friday, reaching $31.34. The company had a trading volume of 3,820,000 shares, compared to its average volume of 4,364,490. The stock has a market cap of $67.87 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The business's 50-day simple moving average is $32.36 and its 200 day simple moving average is $31.96. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.83%. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

About Enterprise Products Partners

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.