66,735 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Purchased by Caprock Group LLC

Caprock Group LLC purchased a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 66,735 shares of the oil and gas producer's stock, valued at approximately $1,943,000.

Other large investors have also made changes to their positions in the company. WP Advisors LLC boosted its position in Enterprise Products Partners by 2.7% in the third quarter. WP Advisors LLC now owns 337,549 shares of the oil and gas producer's stock valued at $9,826,000 after buying an additional 8,910 shares in the last quarter. MAI Capital Management boosted its position in Enterprise Products Partners by 2.3% in the third quarter. MAI Capital Management now owns 611,867 shares of the oil and gas producer's stock valued at $17,811,000 after buying an additional 13,547 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Enterprise Products Partners by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer's stock valued at $118,561,000 after buying an additional 200,625 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in Enterprise Products Partners in the third quarter valued at approximately $670,000. Finally, Turtle Creek Wealth Advisors LLC boosted its position in Enterprise Products Partners by 9.7% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 28,470 shares of the oil and gas producer's stock valued at $829,000 after buying an additional 2,515 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EPD. Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 price target on the stock. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. StockNews.com lowered shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. Finally, Truist Financial lifted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $34.00.

Enterprise Products Partners Trading Up 0.5 %

EPD opened at $31.79 on Thursday. Enterprise Products Partners L.P. has a 1-year low of $25.96 and a 1-year high of $31.87. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a market cap of $68.90 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a fifty day moving average price of $29.60 and a two-hundred day moving average price of $29.13.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date of this dividend was Thursday, October 31st. Enterprise Products Partners's dividend payout ratio is currently 78.65%.

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.