Enterprise Products Partners L.P. (NYSE:EPD) is Chickasaw Capital Management LLC’s 6th Largest Position

Chickasaw Capital Management LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,461,487 shares of the oil and gas producer’s stock after selling 39,991 shares during the quarter. Enterprise Products Partners comprises 6.9% of Chickasaw Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Chickasaw Capital Management LLC’s holdings in Enterprise Products Partners were worth $171,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. increased its stake in shares of Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,000 shares during the last quarter. Assetmark Inc. increased its holdings in Enterprise Products Partners by 19,800.0% in the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock worth $35,000 after acquiring an additional 1,188 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in Enterprise Products Partners in the 3rd quarter valued at about $36,000. Bangor Savings Bank boosted its position in Enterprise Products Partners by 558.3% during the fourth quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 1,072 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America initiated coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Truist Financial lifted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Enterprise Products Partners Trading Down 0.0 %

Enterprise Products Partners stock traded down $0.01 during trading hours on Tuesday, reaching $31.92. The company had a trading volume of 2,305,226 shares, compared to its average volume of 3,024,503. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners L.P. has a 12-month low of $26.12 and a 12-month high of $34.63. The firm has a market cap of $69.19 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a 50-day moving average price of $31.46 and a 200 day moving average price of $29.99.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

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.