XTX Topco Ltd boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 196.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,305 shares of the oil and gas producer's stock after purchasing an additional 22,717 shares during the quarter. XTX Topco Ltd's holdings in Enterprise Products Partners were worth $1,076,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in EPD. Harber Asset Management LLC acquired a new stake in shares of Enterprise Products Partners in the 4th quarter worth about $8,359,000. CreativeOne Wealth LLC boosted its holdings in Enterprise Products Partners by 139.5% during the fourth quarter. CreativeOne Wealth LLC now owns 39,799 shares of the oil and gas producer's stock worth $1,248,000 after purchasing an additional 23,178 shares during the last quarter. Fiducient Advisors LLC grew its holdings in shares of Enterprise Products Partners by 37.3% in the fourth quarter. Fiducient Advisors LLC now owns 77,413 shares of the oil and gas producer's stock valued at $2,428,000 after acquiring an additional 21,025 shares in the last quarter. Savvy Advisors Inc. increased its position in shares of Enterprise Products Partners by 17.9% during the 4th quarter. Savvy Advisors Inc. now owns 10,250 shares of the oil and gas producer's stock valued at $321,000 after purchasing an additional 1,558 shares during the last quarter. Finally, TT Capital Management LLC bought a new stake in Enterprise Products Partners in the fourth quarter worth about $759,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Barclays raised their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Scotiabank lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, seven have assigned 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 target price of $36.89.
View Our Latest Stock Analysis on EPD
Enterprise Products Partners Trading Up 2.0 %
Shares of EPD traded up $0.61 during mid-day trading on Friday, reaching $31.05. The company's stock had a trading volume of 3,638,730 shares, compared to its average volume of 4,369,478. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The company's fifty day moving average price is $32.65 and its two-hundred day moving average price is $31.87. The stock has a market cap of $67.25 billion, a PE ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.78.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.
Enterprise Products Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.89%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 79.55%.
About Enterprise Products Partners
(
Free Report)
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.
Featured Articles
Before you consider Enterprise Products Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Products Partners wasn't on the list.
While Enterprise Products Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
