Cornell Pochily Investment Advisors Inc. Has $373,000 Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Cornell Pochily Investment Advisors Inc. lessened its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,146 shares of the oil and gas producer’s stock after selling 1,980 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Enterprise Products Partners were worth $373,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $26,000. Pacific Center for Financial Services bought a new stake in shares of Enterprise Products Partners during the first quarter valued at approximately $27,000. Intrepid Capital Management Inc. bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $35,000. Financial Freedom LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter valued at approximately $38,000. Finally, Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EPD. Mizuho raised their price objective on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a research note on Tuesday, February 13th. Barclays raised their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday. Truist Financial lifted their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.55.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.05 during midday trading on Thursday, hitting $29.10. The stock had a trading volume of 629,012 shares, compared to its average volume of 4,854,413. The company’s 50-day moving average price is $27.51 and its 200-day moving average price is $27.01. The company has a market capitalization of $63.10 billion, a P/E ratio of 11.55 and a beta of 1.02. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.25.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.64 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a $0.515 dividend. The ex-dividend date was Tuesday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.50. This represents a $2.06 annualized dividend and a dividend yield of 7.08%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.75%.

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.