Enterprise Products Partners L.P. (NYSE:EPD) is Fractal Investments LLC’s 4th Largest Position

Fractal Investments LLC cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,079,189 shares of the oil and gas producer’s stock after selling 102,120 shares during the quarter. Enterprise Products Partners comprises 10.2% of Fractal Investments LLC’s investment portfolio, making the stock its 4th biggest position. Fractal Investments LLC owned about 0.10% of Enterprise Products Partners worth $60,525,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. JFG Wealth Management LLC increased its holdings in shares of Enterprise Products Partners by 4.6% in the third quarter. JFG Wealth Management LLC now owns 20,280 shares of the oil and gas producer’s stock worth $590,000 after purchasing an additional 900 shares during the period. NorthRock Partners LLC grew its position in Enterprise Products Partners by 9.2% during the third quarter. NorthRock Partners LLC now owns 19,913 shares of the oil and gas producer’s stock worth $580,000 after buying an additional 1,679 shares in the last quarter. Clarity Financial LLC grew its position in Enterprise Products Partners by 8.8% during the third quarter. Clarity Financial LLC now owns 10,803 shares of the oil and gas producer’s stock worth $314,000 after buying an additional 871 shares in the last quarter. United Advisor Group LLC increased its stake in Enterprise Products Partners by 2.0% in the 3rd quarter. United Advisor Group LLC now owns 66,555 shares of the oil and gas producer’s stock worth $1,937,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of 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 acquiring an additional 26,136 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EPD. Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Finally, Truist Financial lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Stock Up 0.6 %

EPD opened at $29.30 on Wednesday. Enterprise Products Partners L.P. has a 12 month low of $25.88 and a 12 month high of $30.05. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The business’s 50-day moving average price is $29.22 and its 200-day moving average price is $28.96. The company has a market cap of $63.58 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.31 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly 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). The company had revenue of $13.78 billion during the quarter, compared to analysts’ expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. Enterprise Products Partners’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.7 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 7.17%. Enterprise Products Partners’s payout ratio is currently 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.