AlphaQ Advisors LLC Sells 50,802 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

AlphaQ Advisors LLC lowered its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 34.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,564 shares of the oil and gas producer's stock after selling 50,802 shares during the quarter. Enterprise Products Partners comprises 1.7% of AlphaQ Advisors LLC's portfolio, making the stock its 14th largest holding. AlphaQ Advisors LLC's holdings in Enterprise Products Partners were worth $2,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EPD. Moneta Group Investment Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 104,195.1% during the fourth 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. Alps Advisors Inc. lifted its holdings in shares of Enterprise Products Partners by 20.2% during the third 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. BlackRock Inc. lifted its holdings in shares of 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 buying an additional 1,114,690 shares during the last quarter. Blackstone Inc. lifted its position in 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 worth $633,174,000 after purchasing an additional 2,472,847 shares during the period. Finally, Morgan Stanley increased 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 valued at $500,370,000 after buying an additional 3,102,695 shares during the period. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

EPD traded down $0.17 during midday trading on Friday, hitting $29.05. The company had a trading volume of 4,730,963 shares, compared to its average volume of 4,341,373. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market capitalization of $62.99 billion, a PE ratio of 11.53 and a beta of 1.02. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The firm's 50-day simple moving average is $28.14 and its 200-day simple moving average is $27.22.

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, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.62 billion during the quarter, compared to analysts' expectations of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. Equities research analysts predict 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 disclosed 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 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's payout ratio is presently 81.75%.

Wall Street Analysts Forecast Growth

EPD has been the topic of several recent research reports. Scotiabank lifted their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 4th. Truist Financial increased 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. Barclays boosted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Tuesday, March 26th. Royal Bank of Canada reissued an "outperform" rating and set a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Finally, Stifel Nicolaus increased their target price 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. Two equities research 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 stock. According to data from MarketBeat.com, the company 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.