Garrison Bradford & Associates Inc. Sells 1,301 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Garrison Bradford & Associates Inc. trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,749 shares of the oil and gas producer’s stock after selling 1,301 shares during the quarter. Enterprise Products Partners makes up approximately 0.5% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 24th largest position. Garrison Bradford & Associates Inc.’s holdings in Enterprise Products Partners were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jackson Hole Capital Partners LLC boosted its position in Enterprise Products Partners by 0.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 215,563 shares of the oil and gas producer’s stock valued at $6,760,000 after acquiring an additional 783 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Enterprise Products Partners by 7.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 20,219 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 1,357 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Enterprise Products Partners by 1.0% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 450,396 shares of the oil and gas producer’s stock valued at $14,124,000 after purchasing an additional 4,590 shares during the last quarter. Beam Wealth Advisors Inc. lifted its holdings in shares of Enterprise Products Partners by 7.2% during the fourth quarter. Beam Wealth Advisors Inc. now owns 32,118 shares of the oil and gas producer’s stock valued at $1,007,000 after purchasing an additional 2,166 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Enterprise Products Partners by 10.6% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,997 shares of the oil and gas producer’s stock valued at $627,000 after purchasing an additional 1,913 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of EPD opened at $33.43 on Friday. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a fifty day simple moving average of $33.06 and a two-hundred day simple moving average of $31.25. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The firm has a market cap of $72.40 billion, a PE ratio of 12.43, a P/E/G ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate 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 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.535 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.40%. Enterprise Products Partners’s payout ratio is presently 79.55%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday. Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Citigroup restated a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus price target of $34.90.

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.