Rollins Financial Advisors LLC Sells 15,165 Shares of Enterprise Products Partners L.P. $EPD

Rollins Financial Advisors LLC lessened its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,325 shares of the oil and gas producer’s stock after selling 15,165 shares during the quarter. Rollins Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of EPD. Brighton Jones LLC grew its stake in shares of Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 5,425 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of Enterprise Products Partners by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer’s stock worth $1,827,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC grew its stake in shares of Enterprise Products Partners by 6.2% during the 2nd quarter. Geode Capital Management LLC now owns 63,702 shares of the oil and gas producer’s stock worth $1,975,000 after acquiring an additional 3,742 shares during the period. Guggenheim Capital LLC grew its stake in shares of Enterprise Products Partners by 6.1% during the 2nd quarter. Guggenheim Capital LLC now owns 27,301 shares of the oil and gas producer’s stock worth $847,000 after acquiring an additional 1,578 shares during the period. Finally, Glenview Trust co grew its stake in shares of Enterprise Products Partners by 315.8% during the 2nd quarter. Glenview Trust co now owns 33,648 shares of the oil and gas producer’s stock worth $1,043,000 after acquiring an additional 25,555 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EPD shares. Jefferies Financial Group increased their price target on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Tuesday, March 31st. Scotiabank reiterated a “sector perform” rating and set a $40.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research note on Tuesday. Wolfe Research upgraded Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Truist Financial increased their price target on Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $42.00 price target on shares of Enterprise Products Partners in a research note on Tuesday, April 14th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Hold” and an average price target of $39.13.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $38.26 on Wednesday. The stock’s 50-day simple moving average is $37.71 and its 200 day simple moving average is $34.57. The stock has a market capitalization of $82.70 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.42 and a beta of 0.52. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.74 and a current ratio of 0.91. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $39.74.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Research analysts forecast that Enterprise Products Partners L.P. will post 2.92 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.8%. Enterprise Products Partners’s dividend payout ratio is 81.48%.

Insider Transactions at Enterprise Products Partners

In related news, CEO Aj Teague acquired 2,665 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This trade represents a 3.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 32.60% of the company’s stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.