Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Prospera Financial Services Inc

by · The Cerbat Gem

Prospera Financial Services Inc trimmed its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,537 shares of the oil and gas producer’s stock after selling 701 shares during the quarter. Prospera Financial Services Inc’s holdings in Enterprise Products Partners were worth $8,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paragon Advisors LLC purchased a new position in Enterprise Products Partners in the third quarter valued at $2,628,000. Thrivent Financial for Lutherans grew its holdings in Enterprise Products Partners by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer’s stock valued at $118,561,000 after purchasing an additional 200,625 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Enterprise Products Partners by 19.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock worth $685,000 after purchasing an additional 3,770 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in Enterprise Products Partners by 5.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 477,341 shares of the oil and gas producer’s stock valued at $13,895,000 after purchasing an additional 26,136 shares during the last quarter. Finally, Sanders Morris Harris LLC boosted its stake in Enterprise Products Partners by 28.1% in the 3rd quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer’s stock worth $20,546,000 after buying an additional 154,822 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America began coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. Truist Financial boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $34.00.

Get Our Latest Report on Enterprise Products Partners

Enterprise Products Partners Stock Up 1.3 %

NYSE:EPD opened at $31.49 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 1 year low of $25.96 and a 1 year high of $31.54. The stock has a 50-day moving average price of $29.49 and a two-hundred day moving average price of $29.09. The stock has a market cap of $68.26 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.60 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.67%. Enterprise Products Partners’s payout ratio is 78.65%.

About Enterprise Products Partners

(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.

See Also

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