Centaurus Financial Inc. Has $167,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Centaurus Financial Inc. lowered its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,348 shares of the oil and gas producer’s stock after selling 1,350 shares during the period. Centaurus Financial Inc.’s holdings in Enterprise Products Partners were worth $167,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EPD. Alps Advisors Inc. increased its stake in shares of Enterprise Products Partners by 20.2% in the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after purchasing an additional 6,369,350 shares during the period. Blackstone Inc. increased its stake in shares of Enterprise Products Partners by 12.0% in the third quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock worth $633,174,000 after purchasing an additional 2,472,847 shares during the period. American Century Companies Inc. increased its stake in shares of Enterprise Products Partners by 14.2% in the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after purchasing an additional 2,155,640 shares during the period. International Assets Investment Management LLC increased its stake in shares of Enterprise Products Partners by 2,436.1% in the fourth quarter. International Assets Investment Management LLC now owns 1,171,302 shares of the oil and gas producer’s stock worth $308,640,000 after purchasing an additional 1,125,117 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Enterprise Products Partners by 10.5% in the third quarter. Invesco Ltd. now owns 10,164,886 shares of the oil and gas producer’s stock worth $278,213,000 after purchasing an additional 969,199 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $28.31 on Wednesday. The firm has a market cap of $61.48 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.32 and a beta of 1.03. The company has a 50 day moving average of $28.51 and a 200-day moving average of $27.77. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99. Enterprise Products Partners L.P. has a 1-year low of $25.61 and a 1-year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. Enterprise Products Partners’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.73 earnings per share 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. Investors of record on Tuesday, April 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho restated a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. Morgan Stanley decreased their price target on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Finally, Barclays lifted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $32.77.

Enterprise Products Partners Profile

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.