Cerity Partners LLC Has $7.63 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Cerity Partners LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 89.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,549 shares of the oil and gas producer's stock after purchasing an additional 137,044 shares during the quarter. Cerity Partners LLC's holdings in Enterprise Products Partners were worth $7,630,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EPD. Hazlett Burt & Watson Inc. grew its holdings in shares of Enterprise Products Partners by 8.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer's stock worth $128,000 after purchasing an additional 371 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Enterprise Products Partners by 1.9% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer's stock worth $573,000 after purchasing an additional 380 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Enterprise Products Partners by 3.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer's stock worth $328,000 after purchasing an additional 386 shares during the last quarter. Register Financial Advisors LLC grew its holdings in shares of Enterprise Products Partners by 2.3% in the 4th quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer's stock worth $456,000 after purchasing an additional 397 shares during the last quarter. Finally, Your Advocates Ltd. LLP grew its holdings in shares of Enterprise Products Partners by 1.9% in the 3rd quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer's stock worth $615,000 after purchasing an additional 412 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPD has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, March 26th. Truist Financial increased their price objective 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 increased their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Mizuho reissued a "buy" rating and set a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Two 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's stock. According to MarketBeat, Enterprise Products Partners has an average rating of "Buy" and an average price target of $32.58.

Enterprise Products Partners Trading Down 0.5 %

Enterprise Products Partners stock traded down $0.15 during trading hours on Tuesday, reaching $28.36. 6,358,368 shares of the company's stock traded hands, compared to its average volume of 4,965,033. 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 L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99. The firm has a market capitalization of $61.49 billion, a price-to-earnings ratio of 11.25 and a beta of 1.02. The firm's 50 day moving average is $28.22 and its 200-day moving average is $27.24.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. The business had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. Enterprise Products Partners's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. On average, analysts predict that Enterprise Products Partners L.P. will post 2.62 earnings per share 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 $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.26%. Enterprise Products Partners's dividend payout ratio is 81.75%.

Enterprise Products Partners 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.