Sapient Capital LLC Purchases New Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Sapient Capital LLC purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,141 shares of the oil and gas producer's stock, valued at approximately $3,271,000.

Other hedge funds 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 4th 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 last quarter. Cowa LLC lifted its stake in 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 acquiring an additional 7,675,795 shares during the last quarter. Alps Advisors Inc. grew its position in shares of 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 valued at $1,038,731,000 after acquiring an additional 6,369,350 shares during the period. Morgan Stanley increased its stake in shares of Enterprise Products Partners by 17.6% during the 4th quarter. Morgan Stanley now owns 20,745,030 shares of the oil and gas producer's stock worth $500,370,000 after purchasing an additional 3,102,695 shares during the last quarter. Finally, Blackstone Inc. raised its holdings in shares of 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 valued at $633,174,000 after purchasing an additional 2,472,847 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Price Performance

NYSE:EPD traded down $0.16 during trading hours on Friday, reaching $29.06. 4,728,486 shares of the company were exchanged, compared to its average volume of 4,917,628. The company has a market capitalization of $63.01 billion, a P/E ratio of 11.57 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The business has a 50 day moving average of $28.09 and a 200 day moving average of $27.21. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 19.65% and a net margin of 11.12%. Enterprise Products Partners'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 EPS. Research analysts forecast that Enterprise Products Partners L.P. will post 2.62 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.09%. Enterprise Products Partners's dividend payout ratio is 81.75%.

Analysts Set New Price Targets

A number of research firms recently commented on EPD. 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 report on Thursday, April 4th. 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 raised their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. Finally, StockNews.com raised shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.