FSB Premier Wealth Management Inc. Invests $294,000 in Enterprise Products Partners L.P. (NYSE:EPD)

FSB Premier Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,389 shares of the oil and gas producer's stock, valued at approximately $294,000.

Several other large investors have also recently made changes to their positions in EPD. Rosenberg Matthew Hamilton grew its holdings in Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 656 shares in the last quarter. Tidemark LLC raised its holdings in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners during the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners in the fourth quarter valued at $30,000. Finally, Bangor Savings Bank increased its position in Enterprise Products Partners by 558.3% in the fourth quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer's stock worth $40,000 after purchasing an additional 1,072 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Down 6.7 %

Enterprise Products Partners stock traded down $2.23 during mid-day trading on Friday, hitting $31.24. The company's stock had a trading volume of 5,516,332 shares, compared to its average volume of 4,217,161. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The stock has a market cap of $67.65 billion, a PE ratio of 11.63, a P/E/G ratio of 1.37 and a beta of 0.78. The company has a 50 day moving average of $33.47 and a 200-day moving average of $31.84. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

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Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping 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 firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business's revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date was 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 6.85%. Enterprise Products Partners's dividend payout ratio (DPR) is 79.55%.

Wall Street Analyst Weigh In

Several equities analysts have commented on EPD shares. JPMorgan Chase & Co. increased their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley upped their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Finally, Truist Financial increased their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.60.

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.