Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Whittier Trust Co.

Whittier Trust Co. decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,417 shares of the oil and gas producer’s stock after selling 3,590 shares during the quarter. Whittier Trust Co.’s holdings in Enterprise Products Partners were worth $358,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Fiduciary Group LLC boosted its holdings in shares of Enterprise Products Partners by 12.7% during the fourth quarter. Fiduciary Group LLC now owns 24,342 shares of the oil and gas producer’s stock worth $763,000 after purchasing an additional 2,738 shares during the last quarter. Next Capital Management LLC raised its position in shares of Enterprise Products Partners by 4.5% in the 4th quarter. Next Capital Management LLC now owns 13,993 shares of the oil and gas producer’s stock worth $439,000 after buying an additional 600 shares during the period. GM Advisory Group LLC raised its position in shares of Enterprise Products Partners by 3.9% in the 4th quarter. GM Advisory Group LLC now owns 82,493 shares of the oil and gas producer’s stock worth $2,587,000 after buying an additional 3,084 shares during the period. Stokes Family Office LLC raised its position in shares of Enterprise Products Partners by 10.6% in the 4th quarter. Stokes Family Office LLC now owns 17,240 shares of the oil and gas producer’s stock worth $541,000 after buying an additional 1,650 shares during the period. Finally, FreeGulliver LLC raised its position in shares of Enterprise Products Partners by 11.0% in the 4th quarter. FreeGulliver LLC now owns 8,388 shares of the oil and gas producer’s stock worth $263,000 after buying an additional 828 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EPD shares. Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company lowered 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 report on Wednesday, December 18th. Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Truist Financial raised their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Barclays raised their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.90.

Enterprise Products Partners Stock Down 1.2 %

Shares of Enterprise Products Partners stock opened at $33.69 on Monday. The business has a 50-day moving average of $33.41 and a 200-day moving average of $31.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company has a market capitalization of $72.95 billion, a PE ratio of 12.52, a P/E/G ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion during 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 company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid 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 was Friday, January 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is 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.