Enterprise Products Partners L.P. $EPD Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 17.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 853,525 shares of the oil and gas producer’s stock after selling 186,388 shares during the quarter. Kestra Advisory Services LLC’s holdings in Enterprise Products Partners were worth $30,394,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EPD. QTR Family Wealth LLC bought a new position in Enterprise Products Partners during the third quarter worth $288,000. Pathway Financial Advisers LLC boosted its holdings in Enterprise Products Partners by 1.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 302,350 shares of the oil and gas producer’s stock valued at $10,767,000 after purchasing an additional 5,459 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Enterprise Products Partners by 5.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 107,674 shares of the oil and gas producer’s stock valued at $3,834,000 after purchasing an additional 5,905 shares during the period. Northeast Investment Management boosted its holdings in Enterprise Products Partners by 9.8% in the 3rd quarter. Northeast Investment Management now owns 29,476 shares of the oil and gas producer’s stock valued at $1,050,000 after purchasing an additional 2,627 shares during the period. Finally, Optimist Retirement Group LLC grew its position in Enterprise Products Partners by 2.7% in the 3rd quarter. Optimist Retirement Group LLC now owns 64,641 shares of the oil and gas producer’s stock worth $2,302,000 after purchasing an additional 1,685 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EPD shares. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “hold” rating in a report on Friday, October 30th. Weiss Ratings cut shares of Enterprise Products Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Wall Street Zen cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Stifel Nicolaus initiated coverage on Enterprise Products Partners in a research report on Thursday, September 10th. They set a “hold” rating and a $40.00 target price on the stock. Finally, Capital One Financial initiated coverage on Enterprise Products Partners in a research note on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.18.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD opened at $36.97 on Friday. The business has a fifty day simple moving average of $37.51 and a 200 day simple moving average of $37.37. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $79.74 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.39 and a beta of 0.48. Enterprise Products Partners L.P. has a one year low of $30.67 and a one year high of $40.17.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, October 28th. The oil and gas producer reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Enterprise Products Partners had a return on equity of 21.41% and a net margin of 10.24%. The firm had revenue of $17.95 billion during the quarter, compared to analysts’ expectations of $14.98 billion. During the same period last year, the business earned $0.61 earnings per share. Enterprise Products Partners’s quarterly revenue was up 49.3% compared to the same quarter last year. Sell-side analysts expect that Enterprise Products Partners L.P. will post 3.05 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $0.56 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.1%. Enterprise Products Partners’s dividend payout ratio is currently 74.17%.

About Enterprise Products Partners

Enterprise Products Partners (NYSE: EPD) is a North American midstream energy company that gathers, processes, transports, stores and exports energy-related commodities. Its operations support the movement of products from producing regions to refineries, petrochemical plants and other customers.

The company’s assets include pipelines, natural gas processing plants, storage facilities, and terminals. It handles natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals, and provides services such as NGL fractionation and transportation.

Founded in 1968, Enterprise Products Partners is headquartered in Houston, Texas.