Cutter & CO Brokerage Inc. Grows Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Cutter & CO Brokerage Inc. lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 650,166 shares of the oil and gas producer’s stock after buying an additional 10,975 shares during the quarter. Enterprise Products Partners accounts for 4.8% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 3rd biggest position. Cutter & CO Brokerage Inc.’s holdings in Enterprise Products Partners were worth $17,132,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. boosted its position in Enterprise Products Partners by 8.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after acquiring an additional 371 shares in the last quarter. Ellsworth Advisors LLC lifted its position in Enterprise Products Partners by 1.9% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer’s stock valued at $573,000 after acquiring an additional 380 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Enterprise Products Partners by 3.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after acquiring an additional 386 shares in the last quarter. Register Financial Advisors LLC grew its holdings in Enterprise Products Partners by 2.3% in the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after purchasing an additional 397 shares during the period. Finally, Your Advocates Ltd. LLP increased its stake in shares of Enterprise Products Partners by 1.9% during the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock valued at $615,000 after purchasing an additional 412 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

NYSE EPD traded down $0.09 during trading hours on Tuesday, hitting $28.91. 7,291,587 shares of the company’s stock traded hands, compared to its average volume of 4,942,741. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99. The firm has a market capitalization of $62.67 billion, a P/E ratio of 11.49 and a beta of 1.02. The business’s fifty day moving average price is $28.41 and its two-hundred day moving average price is $27.28.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Equities research analysts predict that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.13%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EPD. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Friday, April 5th. Scotiabank increased their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Finally, Truist Financial boosted their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.58.

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.