Enterprise Products Partners L.P. (NYSE:EPD) Stake Lessened by Chicago Capital LLC

Chicago Capital LLC cut its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,054 shares of the oil and gas producer’s stock after selling 964 shares during the quarter. Chicago Capital LLC’s holdings in Enterprise Products Partners were worth $962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EPD. O Shaughnessy Asset Management LLC boosted its holdings in shares of Enterprise Products Partners by 19.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock worth $685,000 after purchasing an additional 3,770 shares during the period. Sanders Morris Harris LLC boosted its stake in shares of Enterprise Products Partners by 28.1% during the 3rd quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer’s stock valued at $20,546,000 after buying an additional 154,822 shares during the period. Nwam LLC grew its holdings in shares of Enterprise Products Partners by 25.1% during the 1st quarter. Nwam LLC now owns 20,822 shares of the oil and gas producer’s stock valued at $591,000 after acquiring an additional 4,184 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Enterprise Products Partners by 10.8% during the first quarter. J.W. Cole Advisors Inc. now owns 48,832 shares of the oil and gas producer’s stock worth $1,425,000 after acquiring an additional 4,757 shares in the last quarter. Finally, Natixis grew its stake in Enterprise Products Partners by 144.9% in the first quarter. Natixis now owns 74,872 shares of the oil and gas producer’s stock valued at $2,185,000 after purchasing an additional 44,300 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on EPD shares. Royal Bank of Canada boosted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Truist Financial upped their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Bank of America began coverage on Enterprise Products Partners in a report on Thursday. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Buy” and an average price target of $33.73.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $29.18 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $29.21 and a 200 day moving average price of $28.96. The company has a market cap of $63.37 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.49 and a beta of 1.03. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $30.05.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The company had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The company’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. Research analysts predict that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio is currently 82.35%.

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.