TD Private Client Wealth LLC Sells 98,252 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

TD Private Client Wealth LLC decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 97.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,362 shares of the oil and gas producer’s stock after selling 98,252 shares during the quarter. TD Private Client Wealth LLC’s holdings in Enterprise Products Partners were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cerity Partners LLC grew its position in shares of Enterprise Products Partners by 15.9% in the 3rd quarter. Cerity Partners LLC now owns 395,516 shares of the oil and gas producer’s stock valued at $11,513,000 after buying an additional 54,325 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Enterprise Products Partners by 394.5% in the third quarter. Larson Financial Group LLC now owns 31,829 shares of the oil and gas producer’s stock worth $927,000 after acquiring an additional 25,393 shares during the period. Summit Trail Advisors LLC boosted its holdings in Enterprise Products Partners by 11.7% in the third quarter. Summit Trail Advisors LLC now owns 28,055 shares of the oil and gas producer’s stock valued at $817,000 after acquiring an additional 2,942 shares during the last quarter. Independent Advisor Alliance increased its position in Enterprise Products Partners by 8.1% during the 3rd quarter. Independent Advisor Alliance now owns 130,940 shares of the oil and gas producer’s stock valued at $3,812,000 after purchasing an additional 9,855 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in Enterprise Products Partners by 37.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 58,510 shares of the oil and gas producer’s stock worth $1,703,000 after purchasing an additional 16,018 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

Shares of EPD opened at $33.51 on Wednesday. The business’s fifty day moving average is $33.43 and its 200 day moving average is $31.64. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $72.57 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.535 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners’s payout ratio is currently 79.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial increased their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Barclays raised their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. Finally, Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and an average target price of $35.90.

Enterprise Products Partners Company 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.