3,996 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Purchased by Central Bank & Trust Co.

Central Bank & Trust Co. purchased a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,996 shares of the oil and gas producer’s stock, valued at approximately $116,000.

Several other institutional investors and hedge funds have also bought and sold shares of EPD. Allspring Global Investments Holdings LLC raised its holdings in Enterprise Products Partners by 31.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,591 shares of the oil and gas producer’s stock valued at $68,000 after acquiring an additional 614 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $85,000. SVB Wealth LLC lifted its holdings in Enterprise Products Partners by 10.5% during the 4th quarter. SVB Wealth LLC now owns 16,498 shares of the oil and gas producer’s stock worth $435,000 after purchasing an additional 1,563 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Enterprise Products Partners by 4.4% in the 4th quarter. Avior Wealth Management LLC now owns 10,859 shares of the oil and gas producer’s stock worth $286,000 after purchasing an additional 455 shares during the period. Finally, Western Wealth Management LLC grew its holdings in Enterprise Products Partners by 3.5% during the 4th quarter. Western Wealth Management LLC now owns 18,673 shares of the oil and gas producer’s stock valued at $492,000 after buying an additional 631 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EPD shares. JPMorgan Chase & Co. reduced their price objective on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Morgan Stanley lowered their price target 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. Finally, Truist Financial lifted 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. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.08.

Enterprise Products Partners Trading Up 0.9 %

Shares of Enterprise Products Partners stock traded up $0.25 on Monday, hitting $29.42. The stock had a trading volume of 1,191,104 shares, compared to its average volume of 4,627,505. The stock’s 50-day simple moving average is $29.01 and its two-hundred day simple moving average is $28.52. Enterprise Products Partners L.P. has a one year low of $25.61 and a one year high of $30.05. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. The stock has a market cap of $63.89 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.33 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.18%. Enterprise Products Partners’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a $0.525 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date was Wednesday, July 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.35%.

About Enterprise Products Partners

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.