Duncker Streett & Co. Inc. Sells 500 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Duncker Streett & Co. Inc. reduced its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,960 shares of the oil and gas producer’s stock after selling 500 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Enterprise Products Partners were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Fairfield Bush & CO. bought a new position in Enterprise Products Partners in the second quarter valued at approximately $26,000. Pacific Center for Financial Services bought a new position in shares of Enterprise Products Partners in the 1st quarter valued at $27,000. Financial Freedom LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth $38,000. Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter worth $43,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Enterprise Products Partners in the third quarter valued at about $48,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 0.6 %

Shares of NYSE EPD traded down $0.18 during trading on Wednesday, reaching $28.33. The company had a trading volume of 6,359,680 shares, compared to its average volume of 4,421,131. Enterprise Products Partners L.P. has a 12 month low of $25.19 and a 12 month high of $29.99. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The stock has a market cap of $61.43 billion, a P/E ratio of 11.24 and a beta of 1.02. The company’s fifty day moving average price is $28.22 and its 200-day moving average price is $27.24.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $12.43 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.62 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Analyst Ratings Changes

EPD has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Truist Financial increased their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Mizuho reaffirmed a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Scotiabank increased their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus boosted their price objective on 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 investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $32.58.

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.