Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 12.8% during the first quarter, Holdings Channel reports. The fund owned 31,348 shares of the oil and gas producer’s stock after selling 4,600 shares during the quarter. Financial Counselors Inc.’s holdings in Enterprise Products Partners were worth $915,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. JRM Investment Counsel LLC boosted its stake in Enterprise Products Partners by 2.1% in the 4th quarter. JRM Investment Counsel LLC now owns 505,364 shares of the oil and gas producer’s stock worth $13,316,000 after buying an additional 10,404 shares during the last quarter. Linscomb & Williams Inc. boosted its stake in Enterprise Products Partners by 16.6% in the 4th quarter. Linscomb & Williams Inc. now owns 204,907 shares of the oil and gas producer’s stock worth $5,399,000 after buying an additional 29,112 shares during the last quarter. Cerity Partners LLC boosted its stake in Enterprise Products Partners by 89.9% in the 4th quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer’s stock worth $7,630,000 after buying an additional 137,044 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in Enterprise Products Partners in the 4th quarter worth about $314,000. Finally, Sapient Capital LLC acquired a new stake in Enterprise Products Partners in the 4th quarter worth about $3,271,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.2 %

NYSE:EPD opened at $29.19 on Wednesday. The business has a 50 day simple moving average of $28.55 and a 200 day simple moving average of $28.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a market capitalization of $63.39 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.36 and a beta of 1.04. Enterprise Products Partners L.P. has a 12-month low of $25.61 and a 12-month high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Equities research analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Mizuho restated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Truist Financial raised their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley dropped their target price on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. Finally, Barclays raised their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus target price of $32.77.

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.