Koshinski Asset Management Inc. Has $210,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Koshinski Asset Management Inc. reduced its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,973 shares of the oil and gas producer’s stock after selling 1,540 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Enterprise Products Partners were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its position in shares of Enterprise Products Partners by 104,195.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 132,364,055 shares of the oil and gas producer’s stock worth $3,192,621,000 after buying an additional 132,237,142 shares during the period. Alps Advisors Inc. grew its position in shares of Enterprise Products Partners by 20.2% during the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after buying an additional 6,369,350 shares during the period. BlackRock Inc. grew its position in shares of Enterprise Products Partners by 4.7% during the 1st quarter. BlackRock Inc. now owns 25,050,292 shares of the oil and gas producer’s stock worth $646,548,000 after buying an additional 1,114,690 shares during the period. Blackstone Inc. grew its position in shares of Enterprise Products Partners by 12.0% during the 3rd quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock worth $633,174,000 after buying an additional 2,472,847 shares during the period. Finally, Morgan Stanley grew its position in shares of Enterprise Products Partners by 17.6% in the 4th quarter. Morgan Stanley now owns 20,745,030 shares of the oil and gas producer’s stock valued at $500,370,000 after purchasing an additional 3,102,695 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPD has been the subject of several research analyst reports. Truist Financial boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. Scotiabank boosted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Stifel Nicolaus boosted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays boosted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $32.58.

Enterprise Products Partners Trading Down 0.5 %

NYSE:EPD opened at $28.36 on Wednesday. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average price of $28.22 and a two-hundred day moving average price of $27.24. The company has a market cap of $61.49 billion, a P/E ratio of 11.25 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $12.43 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.62 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

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.