Enterprise Products Partners L.P. (NYSE:EPD) Stake Boosted by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC grew its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 805,645 shares of the oil and gas producer’s stock after buying an additional 52,018 shares during the quarter. Enterprise Products Partners accounts for 4.2% of Fort Sheridan Advisors LLC’s investment portfolio, making the stock its 4th largest position. Fort Sheridan Advisors LLC’s holdings in Enterprise Products Partners were worth $21,229,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its position in shares of Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 371 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in Enterprise Products Partners by 1.9% during the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after buying an additional 393 shares during the last quarter. Register Financial Advisors LLC boosted its stake in Enterprise Products Partners by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after buying an additional 397 shares during the last quarter. Eaton Financial Holdings Company LLC boosted its stake in Enterprise Products Partners by 1.2% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 34,738 shares of the oil and gas producer’s stock worth $915,000 after buying an additional 420 shares during the last quarter. Finally, Your Advocates Ltd. LLP boosted its stake in Enterprise Products Partners by 1.9% during the fourth quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock worth $604,000 after buying an additional 425 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday. Barclays upped their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company upped their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Truist Financial upped their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $32.77.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded down $0.08 during mid-day trading on Thursday, reaching $28.32. 2,326,589 shares of the company were exchanged, compared to its average volume of 4,624,340. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $29.99. The firm’s 50-day simple moving average is $28.60 and its two-hundred day simple moving average is $27.71. 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 firm has a market cap of $61.50 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.33 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last posted 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 during the quarter, compared to analysts’ expectations of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 80.78%.

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.