NBW Capital LLC Has $6.61 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

NBW Capital LLC decreased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 30.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 250,656 shares of the oil and gas producer’s stock after selling 110,931 shares during the period. Enterprise Products Partners makes up 1.4% of NBW Capital LLC’s holdings, making the stock its 26th largest position. NBW Capital LLC’s holdings in Enterprise Products Partners were worth $6,605,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Cerity Partners LLC boosted its holdings in Enterprise Products Partners by 89.9% during the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer’s stock valued at $7,630,000 after acquiring an additional 137,044 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of Enterprise Products Partners by 7.1% during the third quarter. Miller Howard Investments Inc. NY now owns 3,189,590 shares of the oil and gas producer’s stock worth $87,299,000 after buying an additional 210,603 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Enterprise Products Partners by 8.7% in the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after acquiring an additional 3,075 shares during the period. Cullen Investment Group LTD. acquired a new stake in shares of Enterprise Products Partners in the fourth quarter worth $7,542,000. Finally, Sapient Capital LLC bought a new position in Enterprise Products Partners during the fourth quarter worth $3,271,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EPD shares. Mizuho restated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Scotiabank upped their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Wells Fargo & Company boosted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Truist Financial raised their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded up $0.02 during trading on Thursday, reaching $28.41. The company had a trading volume of 2,465,111 shares, compared to its average volume of 4,910,374. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a market cap of $61.60 billion, a PE ratio of 11.29 and a beta of 1.02. The business’s 50 day moving average price is $28.27 and its 200-day moving average price is $27.24. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.25%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

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.