Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Fiducient Advisors LLC

Fiducient Advisors LLC raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,413 shares of the oil and gas producer's stock after acquiring an additional 21,025 shares during the period. Fiducient Advisors LLC's holdings in Enterprise Products Partners were worth $2,428,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Trust Co. of Vermont lifted its position in Enterprise Products Partners by 10.0% during the fourth quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after purchasing an additional 300 shares during the period. Griffin Asset Management Inc. raised its stake in shares of Enterprise Products Partners by 0.8% during the 4th quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock valued at $1,203,000 after buying an additional 305 shares during the last quarter. Evanson Asset Management LLC lifted its holdings in shares of Enterprise Products Partners by 0.4% in the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock valued at $2,304,000 after buying an additional 306 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Enterprise Products Partners by 14.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after buying an additional 308 shares during the last quarter. Finally, Sandbox Financial Partners LLC grew its holdings in Enterprise Products Partners by 3.2% during the fourth quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock worth $317,000 after acquiring an additional 309 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a research note on Wednesday, December 18th. Finally, Truist Financial lifted their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Price Performance

EPD stock traded up $0.63 during trading on Tuesday, hitting $30.95. The stock had a trading volume of 4,589,528 shares, compared to its average volume of 4,376,632. The company's 50-day moving average price is $32.75 and its two-hundred day moving average price is $31.86. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The stock has a market capitalization of $67.03 billion, a P/E ratio of 11.51, a PEG ratio of 1.37 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is 79.55%.

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.