CNA Financial Corp increased its position in Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 5.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,050,000 shares of the oil and gas producer’s stock after acquiring an additional 50,000 shares during the quarter. Enterprise Products Partners accounts for approximately 19.3% of CNA Financial Corp’s holdings, making the stock its largest holding. CNA Financial Corp’s holdings in Enterprise Products Partners were worth $32,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of EPD. Invesco Ltd. raised its holdings in Enterprise Products Partners by 0.3% during the second quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock worth $830,671,000 after purchasing an additional 69,505 shares during the last quarter. American Century Companies Inc. grew its holdings in Enterprise Products Partners by 1.4% in the second quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer’s stock valued at $578,406,000 after purchasing an additional 252,513 shares during the last quarter. Energy Income Partners LLC increased its position in shares of Enterprise Products Partners by 0.6% in the third quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock valued at $459,829,000 after buying an additional 80,884 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Enterprise Products Partners by 3.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,355,504 shares of the oil and gas producer’s stock worth $352,134,000 after purchasing an additional 351,931 shares during the last quarter. Finally, Berkley W R Corp grew its position in shares of Enterprise Products Partners by 17.9% in the third quarter. Berkley W R Corp now owns 6,000,000 shares of the oil and gas producer’s stock valued at $187,620,000 after purchasing an additional 910,206 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.
More Enterprise Products Partners News
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Multiple banks and outlets have pushed price targets higher, signaling incremental upside: Wells Fargo raised its target to $40 (maintaining an Equal Weight) and several Street analysts have moved targets into the high-$30s/low-$40s. This analyst activity supports demand for the units. Benzinga
- Positive Sentiment: Coverage highlighting an updated investment narrative — slightly higher fair-value estimates and visible buyback activity — suggests management capital allocation (buybacks + stable distributions) is being priced more favorably by the Street. Why The Investment Narrative Is Shifting
- Positive Sentiment: Dividend stability and distribution reliability remain a prominent theme in recent coverage; pieces stressing EPD’s consistent payouts help attract income-focused investors. Dividends Do Not Fluctuate
- Neutral Sentiment: Retail and media outlets continue to list EPD among top pipeline/large-cap energy picks and long-term dividend holdings, reinforcing visibility but not necessarily moving near-term fundamentals. Price Target Raised to $39
- Neutral Sentiment: Stock is included in several “buy”/“hold long-term” roundups (The Motley Fool and others), which can support steady demand from dividend-oriented retail investors but may have limited immediate impact. 3 Pipeline Stocks to Buy 2 Monster Stocks
- Neutral Sentiment: A short-term lift in trading followed an analyst upgrade/coverage note reported by market outlets — this can drive intraday momentum but doesn’t change fundamentals by itself. Trading Up After Analyst Upgrade
- Negative Sentiment: Some analysts and commentary argue EPD is “still a blue-chip, just not a bargain,” implying limited near-term upside and that valuation compression could cap gains if growth fails to accelerate. This view may restrain more aggressive buy-side moves. Not a Bargain
Enterprise Products Partners Stock Performance
Enterprise Products Partners (NYSE:EPD – Get Free Report) last posted its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was down 2.9% on a year-over-year basis. Equities analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.
Enterprise Products Partners Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.55 dividend. The ex-dividend date of this dividend 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 currently 82.71%.
Insider Activity at Enterprise Products Partners
In other Enterprise Products Partners news, Director John R. Rutherford bought 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average price of $32.09 per share, for a total transaction of $481,350.00. Following the acquisition, the director owned 173,586 shares of the company’s stock, valued at $5,570,374.74. The trade was a 9.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 32.60% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on EPD shares. TD Cowen increased their target price on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Wolfe Research cut 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. Wells Fargo & Company increased their price objective on shares of Enterprise Products Partners from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Finally, Stifel Nicolaus upped their price target on shares of Enterprise Products Partners from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, Enterprise Products Partners has a consensus rating of “Hold” and an average price target of $36.71.
Check Out Our Latest Research Report on EPD
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.
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