Sequoia Financial Advisors LLC Has $544,000 Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Sequoia Financial Advisors LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 90.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,635 shares of the oil and gas producer’s stock after buying an additional 9,775 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Miller Howard Investments Inc. NY boosted its holdings in Enterprise Products Partners by 7.1% during the third quarter. Miller Howard Investments Inc. NY now owns 3,189,590 shares of the oil and gas producer’s stock valued at $87,299,000 after purchasing an additional 210,603 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Enterprise Products Partners by 8.7% during the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after purchasing an additional 3,075 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Enterprise Products Partners during the third quarter valued at approximately $3,793,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Enterprise Products Partners by 16.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 1,794,073 shares of the oil and gas producer’s stock valued at $49,104,000 after purchasing an additional 254,175 shares in the last quarter. Finally, CFM Wealth Partners LLC acquired a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $3,739,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

Shares of NYSE EPD opened at $28.36 on Wednesday. The company has a fifty day moving average price of $28.22 and a 200 day moving average price of $27.24. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The firm has a market cap of $61.49 billion, a PE ratio of 11.25 and a beta of 1.02.

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

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.26%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Analyst Ratings Changes

A number of research firms have weighed in on EPD. Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Scotiabank boosted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Stifel Nicolaus boosted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Finally, Barclays boosted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus price target of $32.58.

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.