Garrett Wealth Advisory Group LLC purchased a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,617 shares of the oil and gas producer's stock, valued at approximately $239,000.
A number of other institutional investors also recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its holdings in Enterprise Products Partners by 364.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after acquiring an additional 656 shares during the period. Assetmark Inc. increased its holdings in shares of Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after purchasing an additional 1,188 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Enterprise Products Partners during the 3rd quarter valued at approximately $36,000. Bangor Savings Bank lifted its stake in shares of Enterprise Products Partners by 558.3% in the 4th quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer's stock valued at $40,000 after purchasing an additional 1,072 shares during the period. Finally, New Wave Wealth Advisors LLC purchased a new stake in Enterprise Products Partners during the fourth quarter worth $40,000. 26.07% of the stock is owned by hedge funds and other institutional investors.
Enterprise Products Partners Trading Down 0.7 %
Shares of EPD traded down $0.24 during midday trading on Tuesday, reaching $33.49. The company had a trading volume of 3,292,304 shares, compared to its average volume of 4,824,434. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a 50 day simple moving average of $32.91 and a 200-day simple moving average of $31.16. The stock has a market cap of $72.60 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last released 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 analysts' expectations of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. Research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.
Enterprise Products Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a boost 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 6.39%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 79.55%.
Analyst Ratings Changes
A number of research analysts have weighed in on EPD shares. Scotiabank began coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 price objective for the company. Truist Financial upped their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company downgraded 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 report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.70.
Read Our Latest Research Report on EPD
About Enterprise Products Partners
(
Free Report)
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.
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