Enterprise Products Partners L.P. (NYSE:EPD) is Miller Howard Investments Inc. NY's 3rd Largest Position

Miller Howard Investments Inc. NY lowered its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,151,419 shares of the oil and gas producer's stock after selling 38,171 shares during the quarter. Enterprise Products Partners makes up approximately 2.9% of Miller Howard Investments Inc. NY's holdings, making the stock its 3rd biggest position. Miller Howard Investments Inc. NY owned about 0.15% of Enterprise Products Partners worth $83,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fairfield Bush & CO. bought a new stake in shares of Enterprise Products Partners in the 1st quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Enterprise Products Partners by 2.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,571,535 shares of the oil and gas producer's stock valued at $169,611,000 after purchasing an additional 169,059 shares during the last quarter. BlackRock Inc. lifted its position in Enterprise Products Partners by 4.7% during the first quarter. BlackRock Inc. now owns 25,050,292 shares of the oil and gas producer's stock worth $646,548,000 after acquiring an additional 1,114,690 shares during the last quarter. Cibc World Market Inc. raised its position in shares of Enterprise Products Partners by 3.2% in the first quarter. Cibc World Market Inc. now owns 89,367 shares of the oil and gas producer's stock valued at $2,307,000 after buying an additional 2,804 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Enterprise Products Partners by 76.5% in the first quarter. Sei Investments Co. now owns 888,439 shares of the oil and gas producer's stock valued at $22,931,000 after buying an additional 385,008 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

Shares of EPD traded down $0.21 during midday trading on Tuesday, hitting $29.26. 4,117,566 shares of the company traded hands, compared to its average volume of 4,929,446. The firm has a 50 day moving average of $27.95 and a 200-day moving average of $27.17. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99. The stock has a market cap of $63.44 billion, a price-to-earnings ratio of 11.65 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.62 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's dividend payout ratio is currently 81.75%.

Analyst Ratings Changes

Several analysts recently weighed in on EPD shares. 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 note on Friday, February 2nd. Barclays increased their target price 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. Truist Financial upped their price target on shares of 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 lifted their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Finally, Scotiabank lifted their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Buy" and a consensus price target 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.