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

Kingsview Wealth Management LLC cut its position in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,968 shares of the oil and gas producer’s stock after selling 582 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Enterprise Products Partners were worth $1,000,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rational Advisors LLC bought a new stake in Enterprise Products Partners in the third quarter worth about $43,000. Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners during the third quarter worth approximately $48,000. Community Bank N.A. increased its holdings in shares of Enterprise Products Partners by 68.3% in the fourth quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock valued at $49,000 after buying an additional 750 shares in the last quarter. Bear Mountain Capital Inc. bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth $53,000. Finally, Headinvest LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth $62,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.2 %

NYSE:EPD opened at $28.56 on Monday. The company has a market capitalization of $62.02 billion, a P/E ratio of 11.20 and a beta of 1.02. The stock’s 50 day moving average price is $28.83 and its 200 day moving average price is $27.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.7 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a $0.515 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.21%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Truist Financial upped their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays lifted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. Scotiabank upped their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Mizuho reiterated a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. reduced their target price on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average price target of $32.69.

View Our Latest Analysis on EPD

Enterprise Products Partners Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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