Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC cut its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,461,487 shares of the oil and gas producer’s stock after selling 39,991 shares during the quarter. Enterprise Products Partners accounts for about 6.9% of Chickasaw Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Chickasaw Capital Management LLC owned about 0.25% of Enterprise Products Partners worth $171,272,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EPD. DiNuzzo Private Wealth Inc. grew its stake in shares of Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 1,000 shares in the last quarter. Assetmark Inc. grew its position in shares of Enterprise Products Partners by 19,800.0% in the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after acquiring an additional 1,188 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at about $36,000. Bangor Savings Bank grew its holdings in Enterprise Products Partners by 558.3% during the fourth quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 1,072 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Enterprise Products Partners in the third quarter valued at approximately $49,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EPD. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America started coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a research report on Wednesday, December 18th. Finally, Truist Financial upped 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. Two investment 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Enterprise Products Partners Trading Down 0.0 %

Shares of NYSE:EPD traded down $0.01 during mid-day trading on Tuesday, reaching $31.92. 2,305,226 shares of the company’s stock were exchanged, compared to its average volume of 3,024,503. The firm has a market capitalization of $69.19 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.67 and a beta of 1.09. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The business’s fifty day moving average price is $31.46 and its 200-day moving average price is $29.99. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $13.87 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

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.