Enterprise Products Partners L.P. (NYSE:EPD) is WP Advisors LLC's 6th Largest Position

WP Advisors LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,315 shares of the oil and gas producer's stock after acquiring an additional 8,766 shares during the period. Enterprise Products Partners accounts for about 3.6% of WP Advisors LLC's investment portfolio, making the stock its 6th biggest holding. WP Advisors LLC's holdings in Enterprise Products Partners were worth $10,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Waterfront Wealth Inc. increased its position in Enterprise Products Partners by 1.4% in the fourth quarter. Waterfront Wealth Inc. now owns 37,775 shares of the oil and gas producer's stock worth $1,185,000 after buying an additional 531 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Enterprise Products Partners by 13.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 133,654 shares of the oil and gas producer's stock valued at $4,191,000 after purchasing an additional 16,139 shares during the last quarter. Hardy Reed LLC boosted its stake in shares of Enterprise Products Partners by 2.2% during the 4th quarter. Hardy Reed LLC now owns 14,710 shares of the oil and gas producer's stock worth $461,000 after acquiring an additional 310 shares in the last quarter. Mcdaniel Terry & Co. purchased a new position in Enterprise Products Partners in the 4th quarter worth about $245,000. Finally, Corps Capital Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $2,592,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Performance

Shares of EPD traded down $0.18 during mid-day trading on Friday, hitting $33.41. 5,511,541 shares of the company's stock were exchanged, compared to its average volume of 4,835,167. The firm has a market cap of $72.41 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. Enterprise Products Partners L.P. has a 52 week low of $27.26 and a 52 week high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock's 50-day simple moving average is $32.60 and its 200-day simple moving average is $30.89.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current 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 is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

Several research firms recently commented on EPD. 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. Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Citigroup upped their price objective on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. 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 report on Wednesday, December 18th. Finally, US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Four investment 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, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average price target of $34.70.

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.