Summit Trail Advisors LLC Has $256,000 Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Summit Trail Advisors LLC lowered its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,706 shares of the oil and gas producer’s stock after selling 1,305 shares during the period. Summit Trail Advisors LLC’s holdings in Enterprise Products Partners were worth $256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPD. Rational Advisors LLC bought a new position in Enterprise Products Partners during the third quarter worth about $43,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $48,000. Community Bank N.A. increased its stake in Enterprise Products Partners by 68.3% during the 4th quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 750 shares during the period. Bear Mountain Capital Inc. acquired a new position in Enterprise Products Partners in the 4th quarter valued at $53,000. Finally, Headinvest LLC acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter worth $62,000. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

EPD has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Truist Financial raised their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays lifted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Finally, Wells Fargo & Company upped their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.75.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $28.41 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. Enterprise Products Partners L.P. has a one year low of $25.19 and a one year high of $29.99. The business has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $27.36. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 11.14 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same period last year, the business earned $0.64 EPS. Enterprise Products Partners’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

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.