CWA Asset Management Group LLC Acquires Shares of 28,964 Enterprise Products Partners L.P. (NYSE:EPD)

CWA Asset Management Group LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,964 shares of the oil and gas producer's stock, valued at approximately $843,000.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at $25,000. Mascoma Wealth Management LLC acquired a new position in shares of Enterprise Products Partners in the second quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. raised its position in shares of Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 1,000 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Enterprise Products Partners in the second quarter valued at approximately $37,000. Finally, Denver PWM LLC acquired a new position in Enterprise Products Partners during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 0.5 %

EPD traded up $0.16 on Monday, hitting $30.58. 2,237,299 shares of the company were exchanged, compared to its average volume of 4,293,840. The firm has a fifty day simple moving average of $29.28 and a two-hundred day simple moving average of $28.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. Enterprise Products Partners L.P. has a 12 month low of $25.90 and a 12 month high of $30.68. The stock has a market capitalization of $66.37 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. The business had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the previous year, the business posted $0.60 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners's payout ratio is currently 78.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Bank of America started coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a "buy" rating and a $35.00 target price on the stock. Truist Financial raised their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $34.00.

Enterprise Products Partners Company 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.