Fort Sheridan Advisors LLC Sells 38,407 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Fort Sheridan Advisors LLC reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,256 shares of the oil and gas producer’s stock after selling 38,407 shares during the quarter. Enterprise Products Partners accounts for 4.5% of Fort Sheridan Advisors LLC’s holdings, making the stock its 3rd biggest position. Fort Sheridan Advisors LLC’s holdings in Enterprise Products Partners were worth $30,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its position in shares of Enterprise Products Partners by 79.8% during the 4th quarter. QRG Capital Management Inc. now owns 15,083 shares of the oil and gas producer’s stock valued at $473,000 after acquiring an additional 6,693 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Enterprise Products Partners by 3,036.0% during the fourth quarter. Proficio Capital Partners LLC now owns 276,595 shares of the oil and gas producer’s stock worth $8,674,000 after purchasing an additional 267,775 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Enterprise Products Partners by 3.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 73,636 shares of the oil and gas producer’s stock valued at $2,309,000 after purchasing an additional 2,162 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Enterprise Products Partners by 1.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 448,299 shares of the oil and gas producer’s stock valued at $14,059,000 after purchasing an additional 5,801 shares during the period. Finally, Schnieders Capital Management LLC increased its stake in Enterprise Products Partners by 11.8% in the 4th quarter. Schnieders Capital Management LLC now owns 54,168 shares of the oil and gas producer’s stock worth $1,699,000 after purchasing an additional 5,715 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on EPD shares. Truist Financial upped their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Scotiabank began coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price objective on the stock. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a research note on Wednesday, December 18th. Finally, Citigroup reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.70.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $32.85 on Friday. The business has a fifty day simple moving average of $32.80 and a 200 day simple moving average of $31.05. 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 $27.26 and a 1 year high of $34.63. The firm has a market cap of $71.19 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.37 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.52%. 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 currently 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.