Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,280 shares of the oil and gas producer’s stock after selling 1,700 shares during the quarter. Leavell Investment Management Inc.’s holdings in Enterprise Products Partners were worth $2,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Community Bank & Trust Waco Texas acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth about $201,000. Clarus Group Inc. boosted its stake in Enterprise Products Partners by 0.5% during the fourth quarter. Clarus Group Inc. now owns 62,087 shares of the oil and gas producer’s stock worth $1,947,000 after buying an additional 331 shares during the period. Carnegie Lake Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter valued at about $251,000. Mill Creek Capital Advisors LLC raised its stake in shares of Enterprise Products Partners by 55.4% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 32,533 shares of the oil and gas producer’s stock valued at $1,020,000 after acquiring an additional 11,595 shares during the period. Finally, Sapient Capital LLC lifted its holdings in shares of Enterprise Products Partners by 5.9% in the 4th quarter. Sapient Capital LLC now owns 129,816 shares of the oil and gas producer’s stock worth $4,071,000 after acquiring an additional 7,175 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.9 %

NYSE EPD opened at $32.92 on Thursday. Enterprise Products Partners L.P. has a 52 week low of $26.31 and a 52 week high of $34.63. The firm has a 50 day moving average of $32.48 and a two-hundred day moving average of $30.70. The stock has a market capitalization of $71.36 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.87 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, January 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio (DPR) is 79.55%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Citigroup boosted their price objective on Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Truist Financial lifted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research note on Wednesday, December 18th. Finally, Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.70.

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.