Waverly Advisors 13F: Cuts EPD Stake by $740K

Waverly Advisors Adjusts Energy Portfolio

Waverly Advisors reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD) during the reporting period, according to a Form 13F filing submitted to the Securities and Exchange Commission. The filing reflects holdings as of the reporting date and may not reflect the investor's current position today. This portfolio adjustment sits alongside other recent moves by the firm, including trimming stakes in ATI Inc. and Archrock, Inc. while lifting positions in Air Products and Chemicals and Antero Midstream.

Trimming the Position in EPD

During the period, Waverly Advisors sold 20,129 shares of Enterprise Products Partners L.P., marking a 3.7% decrease in its holdings. The fund previously held 542,575 shares of the company. Following the sale, the firm owned 522,446 shares. At the close of the reporting window, that remaining block of shares carried an estimated value of about $19.2 million.

Pipeline Operator Valuation and Shares

Shares of Enterprise Products Partners L.P. changed hands near $36.76 recently. The midstream energy company trades at a price-to-earnings ratio of 13.3 and has a 50-day moving average of $38.49 alongside a 200-day moving average of $36.63. The stock has traded between a 52-week low of $30.01 and a 52-week high of $40.17.

Solid Quarterly Financial Results

For its recent financial period, Enterprise Products Partners L.P. posted robust revenue totaling $58.47 billion alongside a net income margin of 10.8% and a return on equity of 20.9%. The company earned $2.89 per share. Investors are watching for the next earnings report, which is scheduled for October 27, 2026.

Dividend Payments Offer Steady Yields

The energy firm continues to return capital to investors through its regular dividend program. The company pays an annual dividend rate of $2.21 per share, translating to a dividend yield of 5.7%. This payout is backed by a dividend payout ratio of 75.8%.

Wall Street Analyst Outlook

Several financial institutions have updated their views on the pipeline operator in recent months. On October 8, 2026, JP Morgan maintained a neutral rating on the stock while adjusting its price target to $42.00 from $43.00. Earlier, on September 22, 2026, RBC Capital reiterated its outperform rating and $42.00 price target. Morgan Stanley maintained an underweight rating on August 18, 2026, moving its target from $40.00 to $41.00. TD Cowen maintained a hold rating on August 3, 2026, lowering its target to $38.00 from $39.00. Overall, the stock carries a consensus buy recommendation from analysts with a mean price target of $41.42.

Midstream Infrastructure Provider

Enterprise Products Partners L.P. operates a vast network of midstream energy assets, connecting natural gas, natural gas liquids, crude oil, petrochemical, and refined product producers with end users. Headquartered in Houston, Texas, the company manages pipelines, storage caverns, processing plants, and marine terminals across the United States. Portfolio shifts by institutional investors like Waverly Advisors highlight how asset managers continuously rebalance their exposure to infrastructure and energy names.

What to Watch at Enterprise Products Partners L.P.

Future regulatory filings will show whether Waverly Advisors continues to trim its exposure to the pipeline sector or stabilizes its position. In the meantime, investors will keep an eye on upcoming earnings results on October 27, 2026, and any further updates from institutional holders.