Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP decreased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,641,147 shares of the oil and gas producer’s stock after selling 109,870 shares during the quarter. Enterprise Products Partners makes up about 8.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 3rd largest position. Kayne Anderson Capital Advisors LP’s holdings in Enterprise Products Partners were worth $338,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of EPD. SG Americas Securities LLC bought a new position in Enterprise Products Partners in the 1st quarter valued at $212,000. QRG Capital Management Inc. lifted its position in Enterprise Products Partners by 8.1% during the 1st quarter. QRG Capital Management Inc. now owns 9,007 shares of the oil and gas producer’s stock worth $263,000 after buying an additional 677 shares in the last quarter. Acadian Asset Management LLC lifted its position in Enterprise Products Partners by 5.5% during the 1st quarter. Acadian Asset Management LLC now owns 212,550 shares of the oil and gas producer’s stock worth $6,198,000 after buying an additional 11,092 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Enterprise Products Partners by 1.2% in the first quarter. Osaic Holdings Inc. now owns 1,165,422 shares of the oil and gas producer’s stock worth $34,012,000 after acquiring an additional 13,753 shares during the last quarter. Finally, Bahl & Gaynor Inc. acquired a new position in shares of Enterprise Products Partners during the first quarter worth approximately $218,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Up 0.9 %

Shares of EPD stock opened at $31.09 on Monday. Enterprise Products Partners L.P. has a 12-month low of $25.95 and a 12-month high of $31.33. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $29.44 and a 200-day moving average of $29.07. The company has a market capitalization of $67.39 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.60 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) 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 return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date was Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 78.65%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EPD shares. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Bank of America initiated coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Finally, Truist Financial upped their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $34.00.

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.