B. Riley Wealth Advisors Inc. Sells 21,251 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

B. Riley Wealth Advisors Inc. lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 827,198 shares of the oil and gas producer’s stock after selling 21,251 shares during the period. Enterprise Products Partners makes up about 0.6% of B. Riley Wealth Advisors Inc.’s portfolio, making the stock its 26th largest holding. B. Riley Wealth Advisors Inc.’s holdings in Enterprise Products Partners were worth $21,797,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EPD. Alps Advisors Inc. boosted its holdings in Enterprise Products Partners by 20.2% in the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock valued at $1,038,731,000 after purchasing an additional 6,369,350 shares during the period. Blackstone Inc. lifted its holdings in shares of Enterprise Products Partners by 12.0% during the 3rd quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock worth $633,174,000 after acquiring an additional 2,472,847 shares during the period. American Century Companies Inc. lifted its holdings in shares of Enterprise Products Partners by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after acquiring an additional 2,155,640 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Enterprise Products Partners by 2,436.1% during the 4th quarter. International Assets Investment Management LLC now owns 1,171,302 shares of the oil and gas producer’s stock worth $308,640,000 after acquiring an additional 1,125,117 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Enterprise Products Partners by 10.5% during the 3rd quarter. Invesco Ltd. now owns 10,164,886 shares of the oil and gas producer’s stock worth $278,213,000 after acquiring an additional 969,199 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 4th. Scotiabank upped their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. Truist Financial upped their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Mizuho reiterated a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Trading Up 0.1 %

Shares of EPD traded up $0.04 during trading hours on Monday, hitting $28.37. 2,768,158 shares of the stock were exchanged, compared to its average volume of 4,587,976. Enterprise Products Partners L.P. has a fifty-two week low of $25.61 and a fifty-two week high of $29.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. The business has a 50-day moving average of $28.55 and a 200-day moving average of $27.74. The firm has a market capitalization of $61.60 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. Enterprise Products Partners’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.73 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.26%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 80.78%.

Enterprise Products Partners 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.