Atria Wealth Solutions Inc. Sells 28,753 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Atria Wealth Solutions Inc. cut its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 344,976 shares of the oil and gas producer's stock after selling 28,753 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Enterprise Products Partners were worth $9,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cutter & CO Brokerage Inc. increased its holdings in Enterprise Products Partners by 1.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 650,166 shares of the oil and gas producer's stock worth $17,132,000 after buying an additional 10,975 shares in the last quarter. Ellenbecker Investment Group boosted its position in Enterprise Products Partners by 11.2% in the fourth quarter. Ellenbecker Investment Group now owns 26,353 shares of the oil and gas producer's stock worth $694,000 after purchasing an additional 2,657 shares during the last quarter. Stockman Wealth Management Inc. boosted its position in Enterprise Products Partners by 2.2% in the fourth quarter. Stockman Wealth Management Inc. now owns 32,365 shares of the oil and gas producer's stock worth $853,000 after purchasing an additional 700 shares during the last quarter. Larson Financial Group LLC boosted its position in Enterprise Products Partners by 4.7% in the fourth quarter. Larson Financial Group LLC now owns 10,299 shares of the oil and gas producer's stock worth $271,000 after purchasing an additional 467 shares during the last quarter. Finally, RWA Wealth Partners LLC lifted its position in shares of Enterprise Products Partners by 48.3% during the 4th quarter. RWA Wealth Partners LLC now owns 32,235 shares of the oil and gas producer's stock valued at $849,000 after buying an additional 10,502 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.13 during midday trading on Friday, hitting $29.06. The company had a trading volume of 7,604,876 shares, compared to its average volume of 4,971,343. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. 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 stock has a market cap of $63.01 billion, a price-to-earnings ratio of 11.53 and a beta of 1.02. The business's 50-day simple moving average is $28.58 and its 200-day simple moving average is $27.33.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS 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 return on equity of 19.65% and a net margin of 11.12%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho reissued a "buy" rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Truist Financial boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Scotiabank upped 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, April 4th. Stifel Nicolaus upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of "Buy" and an average price target of $32.58.

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.