CWA Asset Management Group LLC Sells 2,105 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

CWA Asset Management Group LLC lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,859 shares of the oil and gas producer’s stock after selling 2,105 shares during the quarter. CWA Asset Management Group LLC’s holdings in Enterprise Products Partners were worth $842,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. increased its holdings in Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. Assetmark Inc. increased its stake in shares of Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 1,188 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $36,000. Truvestments Capital LLC bought a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $49,000. Finally, Eastern Bank bought a new position in shares of Enterprise Products Partners during the third quarter valued at $63,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Up 0.0 %

EPD opened at $31.94 on Wednesday. The company has a market cap of $69.23 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The company has a fifty day moving average price of $31.52 and a two-hundred day moving average price of $30.02. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 1-year low of $26.12 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered 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 report on Wednesday, December 18th. Truist Financial increased their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Bank of America began coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They set a “buy” rating and a $35.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.50.

About Enterprise Products Partners

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.