GSA Capital Partners LLP Has $884,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

GSA Capital Partners LLP trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,382 shares of the oil and gas producer’s stock after selling 10,576 shares during the period. GSA Capital Partners LLP’s holdings in Enterprise Products Partners were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of EPD. O Shaughnessy Asset Management LLC raised its holdings in Enterprise Products Partners by 19.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock worth $685,000 after buying an additional 3,770 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of Enterprise Products Partners by 5.8% during the third quarter. Catalyst Capital Advisors LLC now owns 477,341 shares of the oil and gas producer’s stock worth $13,895,000 after acquiring an additional 26,136 shares in the last quarter. Sanders Morris Harris LLC raised its holdings in shares of Enterprise Products Partners by 28.1% during the third quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer’s stock worth $20,546,000 after acquiring an additional 154,822 shares during the period. Pathway Financial Advisers LLC lifted its position in Enterprise Products Partners by 2,862.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer’s stock valued at $225,777,000 after acquiring an additional 7,494,224 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Enterprise Products Partners by 5.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,937,043 shares of the oil and gas producer’s stock worth $56,116,000 after purchasing an additional 96,427 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.9 %

Enterprise Products Partners stock opened at $31.09 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.68. The company’s 50-day moving average is $29.44 and its 200-day moving average is $29.05. The firm has a market capitalization of $67.39 billion, a PE ratio of 11.64, a P/E/G ratio of 1.57 and a beta of 1.04. Enterprise Products Partners L.P. has a fifty-two week low of $25.95 and a fifty-two week high of $31.33.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.75%. Enterprise Products Partners’s dividend payout ratio is currently 78.65%.

Analysts Set New Price Targets

A number of analysts have recently commented on EPD shares. Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Truist Financial raised their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $34.00.

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.