2 weeks Ago By ABMN Staff
Bank of New York Mellon Corp trimmed its stake in Enterprise Products Partners L.P. ( NYSE:EPD – Free Report ) by 12.
5% during the 4th quarter, Holdings Channel reports. The firm owned 293,967 shares of the oil and gas producer’s stock after selling 42,018 shares during the quarter. Bank of New York Mellon Corp’s holdings in Enterprise Products Partners were worth $9,219,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Trust Co. of Vermont grew its position in Enterprise Products Partners by 10.
0% during the fourth quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer’s stock valued at $104,000 after acquiring an additional 300 shares during the last quarter.
Griffin Asset Management Inc. grew its position in Enterprise Products Partners by 0.8% during the fourth quarter.
Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer’s stock valued at $1,203,000 after acquiring an additional 305 shares during the last quarter. Evanson Asset Management LLC boosted its stake in shares of Enterprise Products Partners by 0.
4% during the fourth quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer’s stock valued at $2,304,000 after purchasing an additional 306 shares during the period. Sandbox Financial Partners LLC boosted its stake in shares of Enterprise Products Partners by 3.
2% during the fourth quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer’s stock valued at $317,000 after purchasing an additional 309 shares during the period. Finally, Hardy Reed LLC lifted its stake in Enterprise Products Partners by 2.
2% in the fourth quarter. Hardy Reed LLC now owns 14,710 shares of the oil and gas producer’s stock worth $461,000 after acquiring an additional 310 shares during the period. 26.
07% of the stock is currently owned by institutional investors. Analysts Set New Price Targets EPD has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th.
Morgan Stanley raised their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday.
Barclays raised their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday.
Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th.
Finally, Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Enterprise Products Partners has a consensus rating of “Moderate Buy” and a consensus price target of $35.
90. Enterprise Products Partners Stock Up 1.7 % Shares of EPD stock opened at $33.
54 on Friday. The stock’s 50-day simple moving average is $33.23 and its 200-day simple moving average is $31.
38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.
83 and a current ratio of 1.07. The firm has a market capitalization of $72.
63 billion, a PE ratio of 12.47, a P/E/G ratio of 1.37 and a beta of 1.
08. Enterprise Products Partners L.P.
has a fifty-two week low of $27.37 and a fifty-two week high of $34.63.
Enterprise Products Partners ( NYSE:EPD – Get Free Report ) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping 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 period last year, the company earned $0.72 earnings per share.
Equities analysts expect that Enterprise Products Partners L.P. will post 2.
9 earnings per share for the current year. Enterprise Products Partners Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.
535 dividend. The ex-dividend date was Friday, January 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.
53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.
38%. Enterprise Products Partners’s payout ratio is currently 79.55%.
Enterprise Products Partners Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.
P. ( NYSE:EPD – Free Report ). Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.
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