Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Csenge Advisory Group

Csenge Advisory Group lessened its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,735 shares of the oil and gas producer’s stock after selling 687 shares during the period. Csenge Advisory Group’s holdings in Enterprise Products Partners were worth $462,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lee Financial Co lifted its holdings in Enterprise Products Partners by 1.4% in the fourth quarter. Lee Financial Co now owns 64,569 shares of the oil and gas producer’s stock valued at $2,025,000 after acquiring an additional 876 shares during the period. Tcfg Wealth Management LLC boosted its holdings in Enterprise Products Partners by 1.7% during the fourth quarter. Tcfg Wealth Management LLC now owns 60,704 shares of the oil and gas producer’s stock worth $1,904,000 after buying an additional 1,033 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in Enterprise Products Partners by 2.4% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 60,492 shares of the oil and gas producer’s stock worth $1,897,000 after buying an additional 1,392 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Enterprise Products Partners by 36.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 23,420 shares of the oil and gas producer’s stock worth $734,000 after buying an additional 6,283 shares during the period. Finally, Allworth Financial LP increased its holdings in Enterprise Products Partners by 74.7% in the fourth quarter. Allworth Financial LP now owns 45,366 shares of the oil and gas producer’s stock valued at $1,533,000 after buying an additional 19,400 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a report on Wednesday, December 18th. Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Citigroup raised their target price on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Scotiabank assumed coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They issued a “sector perform” rating and a $33.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.70.

Enterprise Products Partners Trading Up 0.7 %

Shares of EPD opened at $33.69 on Wednesday. Enterprise Products Partners L.P. has a fifty-two week low of $27.20 and a fifty-two week high of $34.63. The stock has a fifty day moving average of $32.53 and a two-hundred day moving average of $30.82. 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 company has a market capitalization of $73.02 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share 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 the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, analysts forecast that Enterprise Products Partners L.P. will post 2.87 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.35%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners’s payout ratio is presently 79.55%.

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.