NBT Bank N A NY Sells 1,248 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

NBT Bank N A NY decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.0% in the 1st quarter, HoldingsChannel reports. The firm owned 16,500 shares of the oil and gas producer’s stock after selling 1,248 shares during the quarter. NBT Bank N A NY’s holdings in Enterprise Products Partners were worth $563,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Strategic Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 3.5% in the 1st quarter. Strategic Advisors LLC now owns 9,985 shares of the oil and gas producer’s stock valued at $341,000 after purchasing an additional 337 shares in the last quarter. Chicago Capital LLC raised its holdings in shares of Enterprise Products Partners by 2.3% during the 1st quarter. Chicago Capital LLC now owns 33,813 shares of the oil and gas producer’s stock worth $1,154,000 after buying an additional 759 shares in the last quarter. Vista Investment Partners LLC lifted its position in shares of Enterprise Products Partners by 3.5% during the 1st quarter. Vista Investment Partners LLC now owns 30,517 shares of the oil and gas producer’s stock worth $1,042,000 after buying an additional 1,020 shares during the last quarter. AA Financial Advisors LLC acquired a new stake in Enterprise Products Partners in the first quarter valued at about $208,000. Finally, Inscription Capital LLC bought a new position in Enterprise Products Partners in the first quarter valued at about $21,153,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 0.3%

NYSE:EPD opened at $31.14 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64. The firm has a market capitalization of $67.53 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The business has a fifty day moving average price of $31.10 and a 200-day moving average price of $32.17.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The company had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.87%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EPD shares. Scotiabank lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, June 5th. Argus upgraded shares of Enterprise Products Partners to a “strong-buy” rating in a research report on Monday, May 5th. Citigroup lowered their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.67.

About Enterprise Products Partners

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.