Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Eagle Global Advisors LLC

Eagle Global Advisors LLC lifted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900,792 shares of the oil and gas producer’s stock after buying an additional 66,260 shares during the quarter. Enterprise Products Partners makes up approximately 3.0% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 9th largest position. Eagle Global Advisors LLC’s holdings in Enterprise Products Partners were worth $50,086,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EPD. Congress Wealth Management LLC DE increased its position in shares of Enterprise Products Partners by 11.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 48,862 shares of the oil and gas producer’s stock worth $1,288,000 after purchasing an additional 4,978 shares in the last quarter. Advisory Services Network LLC grew its holdings in Enterprise Products Partners by 2.9% in the 4th quarter. Advisory Services Network LLC now owns 252,016 shares of the oil and gas producer’s stock valued at $6,641,000 after buying an additional 7,138 shares in the last quarter. Starfox Financial Services LLC purchased a new stake in Enterprise Products Partners in the 4th quarter valued at $296,000. FineMark National Bank & Trust grew its holdings in Enterprise Products Partners by 6.5% in the 4th quarter. FineMark National Bank & Trust now owns 19,513 shares of the oil and gas producer’s stock valued at $514,000 after buying an additional 1,189 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Enterprise Products Partners by 1.3% in the 4th quarter. US Bancorp DE now owns 718,587 shares of the oil and gas producer’s stock valued at $18,935,000 after buying an additional 9,421 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on EPD shares. Mizuho restated a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Barclays upped their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Wells Fargo & Company upped their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Truist Financial increased their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.69.

Enterprise Products Partners Stock Down 0.0 %

EPD stock traded down $0.01 during mid-day trading on Friday, reaching $28.20. The company had a trading volume of 3,719,521 shares, compared to its average volume of 4,840,146. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The firm has a fifty day simple moving average of $28.83 and a 200 day simple moving average of $27.50. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. Enterprise Products Partners’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Analysts forecast that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

About Enterprise Products Partners

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.