Caprock Group LLC Raises Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Caprock Group LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 29.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,230 shares of the oil and gas producer's stock after acquiring an additional 19,495 shares during the quarter. Caprock Group LLC's holdings in Enterprise Products Partners were worth $2,704,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EPD. Turtle Creek Wealth Advisors LLC lifted its position in shares of Enterprise Products Partners by 1.8% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 28,977 shares of the oil and gas producer's stock worth $909,000 after buying an additional 507 shares during the period. New Wave Wealth Advisors LLC bought a new position in Enterprise Products Partners during the fourth quarter worth about $40,000. Keudell Morrison Wealth Management lifted its holdings in Enterprise Products Partners by 5.0% during the 4th quarter. Keudell Morrison Wealth Management now owns 14,502 shares of the oil and gas producer's stock worth $455,000 after purchasing an additional 693 shares during the last quarter. Evernest Financial Advisors LLC bought a new position in Enterprise Products Partners during the 4th quarter worth $627,000. Finally, Sonora Investment Management Group LLC increased its stake in shares of Enterprise Products Partners by 12.8% in the 4th quarter. Sonora Investment Management Group LLC now owns 66,554 shares of the oil and gas producer's stock valued at $2,087,000 after purchasing an additional 7,550 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Up 0.6 %

NYSE EPD traded up $0.20 during mid-day trading on Wednesday, reaching $33.19. 6,029,865 shares of the stock were exchanged, compared to its average volume of 5,022,302. Enterprise Products Partners L.P. has a 1-year low of $26.12 and a 1-year high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The business's fifty day simple moving average is $32.55 and its 200 day simple moving average is $30.59. The stock has a market capitalization of $71.94 billion, a PE ratio of 12.43, a PEG ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.67 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.45%. Enterprise Products Partners's payout ratio is 80.15%.

Wall Street Analyst Weigh In

EPD has been the topic of a number of research analyst reports. Bank of America assumed coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They set a "buy" rating and a $35.00 price target on the stock. Wells Fargo & Company cut Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a research report on Wednesday, December 18th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Truist Financial upped their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and an average target price of $34.44.

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.