International Assets Investment Management LLC Grows Stake in Enterprise Products Partners L.P. (NYSE:EPD)

International Assets Investment Management LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 2,436.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,171,302 shares of the oil and gas producer's stock after purchasing an additional 1,125,117 shares during the quarter. International Assets Investment Management LLC owned 0.05% of Enterprise Products Partners worth $308,640,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 104,195.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 132,364,055 shares of the oil and gas producer's stock valued at $3,192,621,000 after buying an additional 132,237,142 shares during the period. Cowa LLC boosted its holdings in shares of Enterprise Products Partners by 9,906.0% in the first quarter. Cowa LLC now owns 7,753,281 shares of the oil and gas producer's stock valued at $2,001,000 after buying an additional 7,675,795 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Enterprise Products Partners by 20.2% in the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer's stock valued at $1,038,731,000 after buying an additional 6,369,350 shares during the period. Morgan Stanley boosted its holdings in shares of Enterprise Products Partners by 17.6% in the fourth quarter. Morgan Stanley now owns 20,745,030 shares of the oil and gas producer's stock valued at $500,370,000 after buying an additional 3,102,695 shares during the period. Finally, Blackstone Inc. boosted its holdings in shares of Enterprise Products Partners by 12.0% in the third quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer's stock valued at $633,174,000 after buying an additional 2,472,847 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded down $0.07 during mid-day trading on Friday, reaching $29.71. 4,369,119 shares of the company were exchanged, compared to its average volume of 4,953,251. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The stock has a market capitalization of $64.41 billion, a P/E ratio of 11.79 and a beta of 1.02. The company's 50-day simple moving average is $27.91 and its 200-day simple moving average is $27.15. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $14.62 billion during the quarter, compared to analysts' expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.64 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 6.93%. Enterprise Products Partners's payout ratio is 81.75%.

Analysts Set New Price Targets

EPD has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a research report on Thursday. Finally, Barclays boosted their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $32.58.

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.