Future Financial Wealth Managment LLC Sells 3,480 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Future Financial Wealth Managment LLC cut its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the oil and gas producer’s stock after selling 3,480 shares during the period. Future Financial Wealth Managment LLC’s holdings in Enterprise Products Partners were worth $83,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. lifted its stake in Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 1,000 shares in the last quarter. Assetmark Inc. raised its stake in shares of Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 1,188 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth $36,000. Bangor Savings Bank raised its stake in shares of Enterprise Products Partners by 558.3% during the 4th quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 1,072 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth $49,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.46 during trading on Monday, hitting $32.63. 3,313,257 shares of the company’s stock were exchanged, compared to its average volume of 3,543,036. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners L.P. has a 52-week low of $26.12 and a 52-week high of $34.63. The business’s 50-day simple moving average is $31.72 and its 200 day simple moving average is $30.09. The company has a market cap of $70.73 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.66 and a beta of 1.09.

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

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a yield of 6.56%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s payout ratio is presently 80.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank assumed coverage on Enterprise Products Partners in a report on Friday. They issued a “sector perform” rating and a $33.00 price objective for the company. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Wells Fargo & Company downgraded Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th. Truist Financial boosted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Bank of America started coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

Read Our Latest Stock Report on EPD

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.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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