Financial Counselors Inc. Sells 4,600 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Financial Counselors Inc. trimmed its holdings in Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 12.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,348 shares of the oil and gas producer’s stock after selling 4,600 shares during the quarter. Financial Counselors Inc.’s holdings in Enterprise Products Partners were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EPD. American Century Companies Inc. increased its stake in shares of Enterprise Products Partners by 14.2% in the 3rd quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after acquiring an additional 2,155,640 shares in the last quarter. International Assets Investment Management LLC increased its stake in Enterprise Products Partners by 2,436.1% during the 4th quarter. International Assets Investment Management LLC now owns 1,171,302 shares of the oil and gas producer’s stock valued at $308,640,000 after purchasing an additional 1,125,117 shares in the last quarter. Sanders Morris Harris LLC increased its stake in Enterprise Products Partners by 6,126.0% during the 1st quarter. Sanders Morris Harris LLC now owns 548,888 shares of the oil and gas producer’s stock valued at $16,017,000 after purchasing an additional 540,072 shares in the last quarter. GP Brinson Investments LLC increased its stake in Enterprise Products Partners by 174.0% during the 1st quarter. GP Brinson Investments LLC now owns 743,733 shares of the oil and gas producer’s stock valued at $21,702,000 after purchasing an additional 472,270 shares in the last quarter. Finally, Capital Advisors Inc. OK increased its stake in Enterprise Products Partners by 3,955.6% during the 4th quarter. Capital Advisors Inc. OK now owns 462,095 shares of the oil and gas producer’s stock valued at $12,176,000 after purchasing an additional 450,701 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Up 0.2 %

Enterprise Products Partners stock opened at $29.19 on Wednesday. The stock has a market cap of $63.39 billion, a P/E ratio of 11.45, a PEG ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. Enterprise Products Partners L.P. has a 1 year low of $25.61 and a 1 year high of $29.99. The firm’s 50 day moving average price is $28.55 and its 200-day moving average price is $28.04.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. Enterprise Products Partners’s quarterly revenue was up 18.6% on a year-over-year basis. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EPD shares. Scotiabank raised their price objective on shares of 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. Wells Fargo & Company raised their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. reduced their price objective on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Truist Financial raised their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Barclays raised their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $32.77.

View Our Latest Report on EPD

Enterprise Products Partners Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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