Private Wealth Partners LLC Increases Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Private Wealth Partners LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 239.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,500 shares of the oil and gas producer's stock after purchasing an additional 49,000 shares during the quarter. Private Wealth Partners LLC's holdings in Enterprise Products Partners were worth $2,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pathway Financial Advisers LLC boosted its position in shares of Enterprise Products Partners by 2,862.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer's stock valued at $225,777,000 after acquiring an additional 7,494,224 shares during the last quarter. Barclays PLC boosted its position in shares of 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 valued at $73,699,000 after acquiring an additional 1,326,010 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Enterprise Products Partners by 2,854.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,287,318 shares of the oil and gas producer's stock valued at $37,474,000 after acquiring an additional 1,243,741 shares during the last quarter. FMR LLC boosted its position in shares of Enterprise Products Partners by 9.3% during the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after acquiring an additional 1,225,988 shares during the last quarter. Finally, Merewether Investment Management LP bought a new position in shares of Enterprise Products Partners during the 3rd quarter valued at approximately $30,746,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a report on Wednesday, December 18th. Scotiabank began coverage on Enterprise Products Partners in a research note on Friday, January 10th. They issued a "sector perform" rating and a $33.00 target price on the stock. Finally, Truist Financial raised 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 analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.70.

Enterprise Products Partners Stock Down 0.3 %

EPD stock traded down $0.12 during trading on Friday, reaching $33.46. 2,825,615 shares of the company traded hands, compared to its average volume of 4,749,041. Enterprise Products Partners L.P. has a 12 month low of $27.26 and a 12 month high of $34.63. The business has a 50 day simple moving average of $32.60 and a 200 day simple moving average of $30.89. The company has a market capitalization of $72.54 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

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 for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.39%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.

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.