Van ECK Associates Corp Acquires 10,090 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Van ECK Associates Corp raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,029 shares of the oil and gas producer's stock after acquiring an additional 10,090 shares during the period. Van ECK Associates Corp's holdings in Enterprise Products Partners were worth $2,980,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EPD. Trust Co. of Vermont boosted its stake in shares of Enterprise Products Partners by 10.0% in the fourth quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after buying an additional 300 shares during the period. Griffin Asset Management Inc. boosted its stake in shares of Enterprise Products Partners by 0.8% in the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock valued at $1,203,000 after buying an additional 305 shares during the period. Evanson Asset Management LLC boosted its stake in shares of Enterprise Products Partners by 0.4% in the fourth quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock valued at $2,304,000 after buying an additional 306 shares during the period. Sandbox Financial Partners LLC boosted its stake in shares of Enterprise Products Partners by 3.2% in the fourth quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock valued at $317,000 after buying an additional 309 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Enterprise Products Partners by 32.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,325 shares of the oil and gas producer's stock valued at $42,000 after buying an additional 325 shares during the period. Institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Truist Financial upped their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Scotiabank assumed coverage on Enterprise Products Partners in a research note on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price for the company. Citigroup upped their target price on Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Four 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.70.

Enterprise Products Partners Price Performance

Shares of EPD traded down $0.18 during trading hours on Friday, reaching $33.41. The stock had a trading volume of 5,511,541 shares, compared to its average volume of 4,835,167. The stock has a market capitalization of $72.41 billion, a PE ratio of 12.42, a PEG 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 L.P. has a 12 month low of $27.26 and a 12 month high of $34.63. The company's 50-day moving average is $32.60 and its two-hundred day moving average is $30.89.

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 (EPS) 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 analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Research analysts expect 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. Investors of record on Friday, January 31st were given a dividend of $0.535 per share. 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 yield of 6.41%. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners's dividend payout ratio (DPR) is currently 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.