Bokf Na Sells 73,036 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Bokf Na cut its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 46.8% during the first quarter, Holdings Channel.com reports. The fund owned 82,988 shares of the oil and gas producer’s stock after selling 73,036 shares during the period. Bokf Na’s holdings in Enterprise Products Partners were worth $2,437,000 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 business. Kayne Anderson Capital Advisors LP raised its holdings in Enterprise Products Partners by 2.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 11,175,161 shares of the oil and gas producer’s stock valued at $326,091,000 after acquiring an additional 284,772 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Enterprise Products Partners by 5.8% in the first quarter. Westwood Holdings Group Inc. now owns 4,956,244 shares of the oil and gas producer’s stock worth $144,623,000 after purchasing an additional 269,800 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Enterprise Products Partners by 0.5% in the fourth quarter. Stifel Financial Corp now owns 3,353,572 shares of the oil and gas producer’s stock worth $88,367,000 after purchasing an additional 16,641 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in shares of Enterprise Products Partners by 2.2% in the first quarter. Miller Howard Investments Inc. NY now owns 3,220,815 shares of the oil and gas producer’s stock worth $93,983,000 after purchasing an additional 69,396 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC increased its holdings in shares of Enterprise Products Partners by 10.0% in the fourth quarter. Longfellow Investment Management Co. LLC now owns 2,521,428 shares of the oil and gas producer’s stock worth $66,440,000 after purchasing an additional 229,622 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EPD has been the topic of several research reports. Morgan Stanley reduced their target price on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Truist Financial boosted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho reissued a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research note on Friday, April 5th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock traded up $0.38 on Friday, reaching $29.94. 6,867,892 shares of the stock were exchanged, compared to its average volume of 3,376,415. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $30.05. The firm has a market capitalization of $65.02 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.40 and a beta of 1.04. The business has a 50 day moving average price of $28.86 and a two-hundred day moving average price of $28.32.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was up 18.6% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a $0.525 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 7.01%. Enterprise Products Partners’s payout ratio is presently 80.78%.

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.