Enterprise Products Partners L.P. (NYSE:EPD) is Americana Partners LLC's 2nd Largest Position

Americana Partners LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,578,604 shares of the oil and gas producer's stock after buying an additional 57,300 shares during the period. Enterprise Products Partners comprises about 3.9% of Americana Partners LLC's portfolio, making the stock its 2nd largest holding. Americana Partners LLC owned approximately 0.07% of Enterprise Products Partners worth $41,559,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPD. Moneta Group Investment Advisors LLC boosted its holdings in Enterprise Products Partners by 104,195.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 132,364,055 shares of the oil and gas producer's stock worth $3,192,621,000 after buying an additional 132,237,142 shares during the last quarter. Cowa LLC boosted its holdings in Enterprise Products Partners by 9,906.0% in the 1st quarter. Cowa LLC now owns 7,753,281 shares of the oil and gas producer's stock worth $2,001,000 after buying an additional 7,675,795 shares during the last quarter. Alps Advisors Inc. boosted its holdings in Enterprise Products Partners by 20.2% in the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer's stock worth $1,038,731,000 after buying an additional 6,369,350 shares during the last quarter. Morgan Stanley boosted its holdings in Enterprise Products Partners by 17.6% in the 4th quarter. Morgan Stanley now owns 20,745,030 shares of the oil and gas producer's stock worth $500,370,000 after buying an additional 3,102,695 shares during the last quarter. Finally, Blackstone Inc. boosted its holdings in Enterprise Products Partners by 12.0% in the 3rd quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer's stock worth $633,174,000 after buying an additional 2,472,847 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Truist Financial boosted their target price on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Wells Fargo & Company boosted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday. Finally, Scotiabank boosted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Thursday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $32.58.

Enterprise Products Partners Trading Down 0.1 %

EPD traded down $0.04 during trading hours on Friday, reaching $29.73. The company's stock had a trading volume of 4,323,406 shares, compared to its average volume of 4,310,488. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99. The stock has a market cap of $64.46 billion, a PE ratio of 11.80 and a beta of 1.02. The business's 50-day moving average is $27.91 and its 200-day moving average is $27.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $14.62 billion for 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 firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.62 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners's payout ratio is 81.75%.

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.