Wealth Enhancement Advisory Services LLC Has $29.76 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Wealth Enhancement Advisory Services LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,022,342 shares of the oil and gas producer's stock after acquiring an additional 60,953 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Enterprise Products Partners were worth $29,760,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Pathway Financial Advisers LLC increased its stake in shares of Enterprise Products Partners by 2,862.8% in 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 holdings in shares of Enterprise Products Partners by 110.0% in the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after buying an additional 1,326,010 shares during the period. International Assets Investment Management LLC increased its position in shares of Enterprise Products Partners by 2,854.1% during the third quarter. International Assets Investment Management LLC now owns 1,287,318 shares of the oil and gas producer's stock worth $37,474,000 after acquiring an additional 1,243,741 shares in the last quarter. FMR LLC raised its holdings in shares of Enterprise Products Partners by 9.3% during the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock worth $420,037,000 after acquiring an additional 1,225,988 shares during the period. Finally, Merewether Investment Management LP bought a new stake in Enterprise Products Partners in the 3rd quarter valued at $30,746,000. Institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

EPD has been the topic of several recent research reports. Scotiabank began coverage on Enterprise Products Partners in a research note on Friday. They issued a "sector perform" rating and a $33.00 price target on the stock. Wells Fargo & Company lowered 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. 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. 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 research note on Friday, January 3rd. Finally, Bank of America assumed coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They set a "buy" rating and a $35.00 price target for the company. Four investment 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.60.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded down $0.23 during trading on Friday, reaching $32.21. 4,902,122 shares of the company's stock were exchanged, compared to its average volume of 3,587,734. The firm's fifty day moving average price is $31.72 and its 200-day moving average price is $30.09. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The stock has a market capitalization of $69.82 billion, a PE ratio of 12.06, a PEG ratio of 1.66 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.64%. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's dividend payout ratio (DPR) is 80.15%.

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.