Teamwork Financial Advisors LLC Trims Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Teamwork Financial Advisors LLC lessened its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 28.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,044 shares of the oil and gas producer’s stock after selling 18,368 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $1,475,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EPD. AE Wealth Management LLC increased its holdings in Enterprise Products Partners by 67.6% in the second quarter. AE Wealth Management LLC now owns 35,024 shares of the oil and gas producer’s stock valued at $1,015,000 after buying an additional 14,122 shares in the last quarter. Pacer Advisors Inc. boosted its position in Enterprise Products Partners by 5.2% during the second quarter. Pacer Advisors Inc. now owns 81,517 shares of the oil and gas producer’s stock worth $2,362,000 after purchasing an additional 4,038 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Enterprise Products Partners by 23.5% in the second quarter. EverSource Wealth Advisors LLC now owns 11,920 shares of the oil and gas producer’s stock valued at $344,000 after purchasing an additional 2,265 shares during the last quarter. Bank of Montreal Can increased its position in shares of Enterprise Products Partners by 2.3% in the second quarter. Bank of Montreal Can now owns 25,371 shares of the oil and gas producer’s stock valued at $739,000 after buying an additional 570 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in shares of Enterprise Products Partners by 20.2% during the 2nd quarter. Insigneo Advisory Services LLC now owns 14,647 shares of the oil and gas producer’s stock worth $408,000 after buying an additional 2,465 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, December 18th. Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Scotiabank started coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Moderate Buy” and a consensus price target of $34.60.

Enterprise Products Partners Stock Down 0.8 %

EPD opened at $33.81 on Thursday. The company has a market cap of $73.29 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.61 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 1 year low of $26.12 and a 1 year high of $34.63. The firm has a 50 day moving average price of $32.28 and a 200 day moving average price of $30.33.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 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 during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.67 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.535 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.33%. Enterprise Products Partners’s dividend payout ratio is presently 78.65%.

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.