Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Saxon Interests Inc.

Saxon Interests Inc. lowered its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,308 shares of the oil and gas producer’s stock after selling 454 shares during the quarter. Saxon Interests Inc.’s holdings in Enterprise Products Partners were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Hantz Financial Services Inc. acquired a new position in shares of Enterprise Products Partners during the second quarter valued at approximately $25,000. Stephens Consulting LLC acquired a new position in shares of Enterprise Products Partners during the first quarter valued at approximately $29,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the first quarter valued at approximately $29,000. Mascoma Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the second quarter valued at approximately $29,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Enterprise Products Partners during the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.1 %

Enterprise Products Partners stock traded up $0.03 during midday trading on Wednesday, reaching $29.21. The stock had a trading volume of 393,593 shares, compared to its average volume of 4,327,886. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $30.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68. The firm has a market cap of $63.43 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.50 and a beta of 1.03. The firm’s fifty day simple moving average is $29.12 and its two-hundred day simple moving average is $28.96.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The firm had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $14.23 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts anticipate that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s payout ratio is 82.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $33.50.

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.