9,279 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Purchased by Mills Wealth Advisors LLC

Mills Wealth Advisors LLC bought a new position in 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 SEC. The fund bought 9,279 shares of the oil and gas producer's stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EPD. Rosenberg Matthew Hamilton raised its stake in shares of 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 in the last quarter. Assetmark Inc. grew 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 during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Enterprise Products Partners in the 3rd quarter worth $36,000. Bangor Savings Bank lifted its stake 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. Finally, New Wave Wealth Advisors LLC purchased a new stake in Enterprise Products Partners during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EPD. Scotiabank initiated coverage on Enterprise Products Partners in a report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 price objective on the stock. Wells Fargo & Company cut Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a research note on Wednesday, December 18th. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Finally, Truist Financial upped their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.70.

Enterprise Products Partners Trading Up 0.7 %

NYSE:EPD traded up $0.24 during trading hours on Monday, hitting $33.65. The company had a trading volume of 5,276,925 shares, compared to its average volume of 4,865,946. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock has a 50-day moving average price of $32.85 and a 200 day moving average price of $31.12. The company has a market capitalization of $72.94 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating 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 analyst estimates of $14.07 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.535 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.36%. Enterprise Products Partners's dividend payout ratio 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.