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

IFG Advisory LLC cut its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 24.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,479 shares of the oil and gas producer’s stock after selling 23,957 shares during the period. IFG Advisory LLC’s holdings in Enterprise Products Partners were worth $2,329,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Winnow Wealth LLC purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter worth about $28,000. Traub Capital Management LLC purchased a new position in Enterprise Products Partners in the second quarter valued at approximately $31,000. Abich Financial Wealth Management LLC acquired a new position in Enterprise Products Partners during the third quarter valued at approximately $32,000. Financial Consulate Inc. purchased a new stake in Enterprise Products Partners during the third quarter worth approximately $33,000. Finally, Davis Capital Management purchased a new stake in Enterprise Products Partners during the third quarter worth approximately $45,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Price Performance

Shares of NYSE EPD opened at $37.26 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.60. The firm has a market capitalization of $80.55 billion, a PE ratio of 14.01, a P/E/G ratio of 2.64 and a beta of 0.59. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $37.74. The business’s fifty day moving average price is $34.18 and its two-hundred day moving average price is $32.52.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The business had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $0.55 dividend. The ex-dividend date was Friday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio (DPR) is 82.71%.

Insider Activity at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford purchased 15,000 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were bought at an average price of $32.09 per share, with a total value of $481,350.00. Following the completion of the acquisition, the director owned 173,586 shares in the company, valued at approximately $5,570,374.74. This represents a 9.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.60% of the company’s stock.

Key Headlines Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Analyst upgrades — Stifel raised its price target to $41 (buy) and Barclays raised its target to $39 (overweight), sending fresh buy-side interest into EPD and supporting the stock’s gain. Article Title
• Positive Sentiment: Featured by energy strategist Marc Lichtenfeld as a core midstream/income holding: MarketBeat highlighted EPD for stable, “toll-collector” cash flows and a multi-decade track record of distribution increases — a clear draw for income-focused investors. Why One Energy Expert Is Betting on These 3 Oil Stocks Now (EPD)
• Positive Sentiment: Broader positive press — newsletters and sites (Seeking Alpha, The Motley Fool, MarketBeat lists) continue to recommend EPD as a defensive, high-yield energy holding that benefits from contracted cash flows, reinforcing demand from income investors. Enterprise Products Partners: An Anchor In Rough Seas
• Neutral Sentiment: Momentum check — Zacks notes EPD is up about 5.6% since its last earnings report and asks whether that run can continue; the piece frames upside as contingent on sustained cash flows and distribution stability. Enterprise Products (EPD) Up 5.6% Since Last Earnings Report: Can It Continue?

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EPD. UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday. Wolfe Research downgraded Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Wednesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and set a $32.00 price objective on shares of Enterprise Products Partners in a research note on Friday, December 19th. Wells Fargo & Company upped their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, Morgan Stanley lowered Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 target price for the company. in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Hold” and an average price target of $36.29.

About Enterprise Products Partners

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.