Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,084 shares of the oil and gas producer's stock after acquiring an additional 17,100 shares during the period. Avantax Advisory Services Inc.'s holdings in Enterprise Products Partners were worth $4,613,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EPD. FMR LLC lifted its position in shares of Enterprise Products Partners by 9.3% in the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after acquiring an additional 1,225,988 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after purchasing an additional 1,947,017 shares in the last quarter. Brookfield Corp ON boosted its stake in shares of Enterprise Products Partners by 6.2% during the 3rd quarter. Brookfield Corp ON now owns 4,762,585 shares of the oil and gas producer's stock worth $138,639,000 after purchasing an additional 278,892 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Enterprise Products Partners by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer's stock worth $118,561,000 after purchasing an additional 200,625 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Enterprise Products Partners by 0.3% in the third quarter. Stifel Financial Corp now owns 3,470,689 shares of the oil and gas producer's stock valued at $101,032,000 after buying an additional 9,257 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EPD shares. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Scotiabank lifted their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Barclays increased their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Finally, Morgan Stanley boosted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average price target of $35.90.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded down $0.12 during trading on Tuesday, reaching $33.80. The stock had a trading volume of 2,424,428 shares, compared to its average volume of 4,132,496. The stock has a market cap of $73.20 billion, a PE ratio of 12.57, a P/E/G ratio of 1.37 and a beta of 1.08. The firm's 50 day moving average price is $33.27 and its two-hundred day moving average price is $31.44. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.535 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

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.