Sendero Wealth Management LLC Has $268,000 Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Sendero Wealth Management LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,195 shares of the oil and gas producer’s stock after buying an additional 827 shares during the period. Sendero Wealth Management LLC’s holdings in Enterprise Products Partners were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of EPD. JRM Investment Counsel LLC boosted its position in shares of Enterprise Products Partners by 2.1% during the fourth quarter. JRM Investment Counsel LLC now owns 505,364 shares of the oil and gas producer’s stock worth $13,316,000 after purchasing an additional 10,404 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Enterprise Products Partners by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after acquiring an additional 3,770 shares during the period. Nwam LLC increased its holdings in shares of Enterprise Products Partners by 25.1% in the first quarter. Nwam LLC now owns 20,822 shares of the oil and gas producer’s stock worth $591,000 after acquiring an additional 4,184 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Enterprise Products Partners by 10.8% during the first quarter. J.W. Cole Advisors Inc. now owns 48,832 shares of the oil and gas producer’s stock worth $1,425,000 after purchasing an additional 4,757 shares during the period. Finally, Natixis lifted its holdings in shares of Enterprise Products Partners by 144.9% during the 1st quarter. Natixis now owns 74,872 shares of the oil and gas producer’s stock valued at $2,185,000 after purchasing an additional 44,300 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Up 0.9 %

Enterprise Products Partners stock traded up $0.26 during mid-day trading on Thursday, reaching $29.45. The company’s stock had a trading volume of 1,073,190 shares, compared to its average volume of 4,323,522. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $30.05. The business’s 50 day simple moving average is $29.13 and its 200 day simple moving average is $28.97. The company has a market capitalization of $63.95 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The company had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $14.23 billion. During the same quarter in the previous year, the business earned $0.57 EPS. Enterprise Products Partners’s revenue was up 26.6% on a year-over-year basis. As a group, research analysts anticipate that Enterprise Products Partners L.P. will post 2.72 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio is currently 82.35%.

Analyst Ratings Changes

EPD has been the subject of a number of research reports. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Truist Financial increased their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners has an average rating of “Buy” and an average target price of $33.50.

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.