NTV Asset Management LLC Has $915,000 Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

NTV Asset Management LLC reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,706 shares of the oil and gas producer’s stock after selling 600 shares during the quarter. NTV Asset Management LLC’s holdings in Enterprise Products Partners were worth $915,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. boosted its holdings in Enterprise Products Partners by 8.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after acquiring an additional 371 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Enterprise Products Partners by 3.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after buying an additional 386 shares during the period. Ellsworth Advisors LLC raised its stake in Enterprise Products Partners by 1.9% during the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after buying an additional 393 shares during the last quarter. Register Financial Advisors LLC lifted its holdings in Enterprise Products Partners by 2.3% in the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock valued at $456,000 after buying an additional 397 shares during the period. Finally, Your Advocates Ltd. LLP boosted its position in Enterprise Products Partners by 1.9% during the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock valued at $615,000 after acquiring an additional 412 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.2 %

Shares of Enterprise Products Partners stock traded up $0.05 on Friday, hitting $28.10. The company had a trading volume of 3,599,060 shares, compared to its average volume of 5,182,867. Enterprise Products Partners L.P. has a 1 year low of $25.19 and a 1 year high of $29.99. 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 50 day moving average of $28.64 and a 200-day moving average of $27.35. The stock has a market capitalization of $60.93 billion, a price-to-earnings ratio of 11.02 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. Enterprise Products Partners’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. As a group, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

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 given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s payout ratio is currently 80.78%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EPD. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Wells Fargo & Company increased their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. Truist Financial increased their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of “Buy” and an average price target of $32.75.

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.