CENTRAL TRUST Co Sells 800 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

CENTRAL TRUST Co reduced its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,217 shares of the oil and gas producer’s stock after selling 800 shares during the period. CENTRAL TRUST Co’s holdings in Enterprise Products Partners were worth $854,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. boosted its position in shares of Enterprise Products Partners by 41.5% during the fourth quarter. Valley National Advisers Inc. now owns 42,940 shares of the oil and gas producer’s stock worth $1,346,000 after acquiring an additional 12,594 shares during the last quarter. McAdam LLC boosted its position in shares of Enterprise Products Partners by 2.9% during the fourth quarter. McAdam LLC now owns 29,476 shares of the oil and gas producer’s stock worth $924,000 after acquiring an additional 831 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Enterprise Products Partners by 0.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,884,424 shares of the oil and gas producer’s stock worth $59,096,000 after acquiring an additional 11,600 shares during the last quarter. Golden State Equity Partners boosted its position in shares of Enterprise Products Partners by 471.5% during the fourth quarter. Golden State Equity Partners now owns 42,797 shares of the oil and gas producer’s stock worth $1,342,000 after acquiring an additional 35,308 shares during the last quarter. Finally, PBMares Wealth Management LLC bought a new position in shares of Enterprise Products Partners during the fourth quarter worth $628,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on EPD. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Bank of America started 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. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Truist Financial increased 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 report on Friday, January 3rd. Finally, Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.44.

Enterprise Products Partners Trading Up 1.7 %

Shares of EPD opened at $33.22 on Tuesday. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The company has a market cap of $72.00 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.54 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company’s fifty day simple moving average is $32.53 and its 200-day simple moving average is $30.54.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.535 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.44%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

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.