Capital City Trust Co. FL Has $1.35 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Capital City Trust Co. FL decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.1% during the 3rd quarter, Holdings Channel reports. The firm owned 46,243 shares of the oil and gas producer’s stock after selling 495 shares during the quarter. Capital City Trust Co. FL’s holdings in Enterprise Products Partners were worth $1,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EPD. WP Advisors LLC raised its stake in shares of Enterprise Products Partners by 2.7% in the third quarter. WP Advisors LLC now owns 337,549 shares of the oil and gas producer’s stock valued at $9,826,000 after acquiring an additional 8,910 shares during the last quarter. MAI Capital Management raised its position in Enterprise Products Partners by 2.3% in the 3rd quarter. MAI Capital Management now owns 611,867 shares of the oil and gas producer’s stock valued at $17,811,000 after purchasing an additional 13,547 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Enterprise Products Partners by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer’s stock worth $118,561,000 after purchasing an additional 200,625 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at $670,000. Finally, Turtle Creek Wealth Advisors LLC increased its stake in shares of Enterprise Products Partners by 9.7% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 28,470 shares of the oil and gas producer’s stock valued at $829,000 after buying an additional 2,515 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enterprise Products Partners Price Performance

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

Enterprise Products Partners (NYSE:EPD) last posted its earnings results 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 business had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the previous year, the company posted $0.60 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a dividend of $0.525 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.75%. Enterprise Products Partners’s dividend payout ratio is currently 78.65%.

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.