SageView Advisory Group LLC Sells 16,440 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

SageView Advisory Group LLC trimmed its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 46.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,678 shares of the oil and gas producer’s stock after selling 16,440 shares during the quarter. SageView Advisory Group LLC’s holdings in Enterprise Products Partners were worth $505,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EPD. Burkett Financial Services LLC bought a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners during the third quarter valued at approximately $48,000. Community Bank N.A. grew its position in Enterprise Products Partners by 68.3% during 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 during the period. American National Bank bought a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $49,000. Finally, Jones Financial Companies Lllp bought a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $52,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EPD has been the subject of several recent research reports. Scotiabank boosted their target price 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. Morgan Stanley lowered 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 report on Monday, June 10th. Truist Financial lifted their price target on shares of 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 price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Finally, Wells Fargo & Company lifted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Price Performance

EPD stock opened at $28.31 on Wednesday. Enterprise Products Partners L.P. has a one year low of $25.61 and a one year high of $29.99. The company’s fifty day moving average price is $28.51 and its 200-day moving average price is $27.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market capitalization of $61.48 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last released 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. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.73 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s payout ratio is 80.78%.

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.