Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC lowered its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,960 shares of the oil and gas producer’s stock after selling 1,026 shares during the quarter. Enterprise Products Partners makes up approximately 1.0% of CFM Wealth Partners LLC’s holdings, making the stock its 29th largest position. CFM Wealth Partners LLC’s holdings in Enterprise Products Partners were worth $5,644,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Valley National Advisers Inc. grew its holdings in shares of Enterprise Products Partners by 41.5% during the fourth quarter. Valley National Advisers Inc. now owns 42,940 shares of the oil and gas producer’s stock valued at $1,346,000 after buying an additional 12,594 shares in the last quarter. McAdam LLC lifted its position in shares of Enterprise Products Partners by 2.9% during the 4th quarter. McAdam LLC now owns 29,476 shares of the oil and gas producer’s stock worth $924,000 after purchasing an additional 831 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Enterprise Products Partners by 0.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,884,424 shares of the oil and gas producer’s stock valued at $59,096,000 after acquiring an additional 11,600 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Enterprise Products Partners by 471.5% in the 4th quarter. Golden State Equity Partners now owns 42,797 shares of the oil and gas producer’s stock worth $1,342,000 after buying an additional 35,308 shares in the last quarter. Finally, PBMares Wealth Management LLC bought a new stake in Enterprise Products Partners during the 4th quarter worth approximately $628,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 4.0 %

Shares of EPD opened at $32.70 on Monday. The firm has a market cap of $70.87 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.59 and a beta of 1.09. Enterprise Products Partners L.P. has a 1 year low of $26.12 and a 1 year high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $32.53 and a two-hundred day simple moving average of $30.54.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.535 per share. The ex-dividend date is Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a dividend yield of 6.55%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 78.65%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EPD shares. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America started coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a research report on Wednesday, December 18th. Finally, Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.44.

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.