HUB Investment Partners LLC Grows Stake in Enterprise Products Partners L.P. (NYSE:EPD)

HUB Investment Partners LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 29.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,496 shares of the oil and gas producer's stock after purchasing an additional 65,088 shares during the quarter. HUB Investment Partners LLC's holdings in Enterprise Products Partners were worth $9,016,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kayne Anderson Capital Advisors LP increased its position in Enterprise Products Partners by 16.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock worth $426,125,000 after purchasing an additional 1,947,017 shares in the last quarter. Barclays PLC grew its position in Enterprise Products Partners by 110.0% during the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after acquiring an additional 1,326,010 shares during the last quarter. FMR LLC increased its holdings in Enterprise Products Partners by 9.3% in the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock worth $420,037,000 after purchasing an additional 1,225,988 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of Enterprise Products Partners during the third quarter valued at about $30,746,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Enterprise Products Partners by 3,884.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock worth $21,414,000 after purchasing an additional 665,716 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

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Enterprise Products Partners Stock Down 0.4 %

Shares of NYSE:EPD traded down $0.15 during trading on Monday, reaching $33.70. 3,233,521 shares of the stock were exchanged, compared to its average volume of 4,134,683. The firm has a market cap of $72.98 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The stock has a fifty day moving average of $33.43 and a two-hundred day moving average of $31.61. 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 L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.535 dividend. 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 annualized dividend and a dividend yield of 6.35%. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EPD shares. Morgan Stanley raised their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Truist Financial raised their price target 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. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Finally, Barclays increased their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.90.

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.