Hilltop National Bank Sells 530 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Hilltop National Bank decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,647 shares of the oil and gas producer’s stock after selling 530 shares during the quarter. Hilltop National Bank’s holdings in Enterprise Products Partners were worth $930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC raised its stake in Enterprise Products Partners by 48.4% during the 2nd quarter. Natixis Advisors LLC now owns 18,048 shares of the oil and gas producer’s stock worth $523,000 after buying an additional 5,887 shares during the period. MGO One Seven LLC raised its holdings in shares of Enterprise Products Partners by 18.9% in the 2nd quarter. MGO One Seven LLC now owns 43,098 shares of the oil and gas producer’s stock worth $1,249,000 after purchasing an additional 6,841 shares during the period. LPL Financial LLC grew its stake in shares of Enterprise Products Partners by 3.1% during the 2nd quarter. LPL Financial LLC now owns 2,761,031 shares of the oil and gas producer’s stock worth $80,015,000 after acquiring an additional 83,435 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Enterprise Products Partners by 6.7% in the second quarter. Bahl & Gaynor Inc. now owns 7,974 shares of the oil and gas producer’s stock worth $231,000 after purchasing an additional 500 shares in the last quarter. Finally, BOKF NA grew its stake in Enterprise Products Partners by 1.9% in the 2nd quarter. BOKF NA now owns 84,586 shares of the oil and gas producer’s stock valued at $2,451,000 after buying an additional 1,598 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

Enterprise Products Partners Stock Down 0.3 %

Shares of EPD traded down $0.10 during trading hours on Friday, hitting $32.34. The company had a trading volume of 1,674,661 shares, compared to its average volume of 3,033,599. Enterprise Products Partners L.P. has a 52-week low of $26.12 and a 52-week high of $34.63. The firm has a fifty day moving average price of $31.65 and a 200-day moving average price of $30.05. The stock has a market capitalization of $70.10 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to analysts’ expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. Enterprise Products Partners’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared 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. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Friday, January 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is 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.