Patriot Financial Group Insurance Agency LLC Buys Shares of 9,974 Enterprise Products Partners L.P. (NYSE:EPD)

Patriot Financial Group Insurance Agency LLC bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,974 shares of the oil and gas producer’s stock, valued at approximately $289,000.

Several other large investors have also recently bought and sold shares of EPD. Stephens Consulting LLC acquired a new stake in shares of Enterprise Products Partners in the first quarter valued at about $29,000. Palisade Asset Management LLC acquired a new stake in shares of Enterprise Products Partners in the first quarter valued at about $29,000. Burkett Financial Services LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $28,000. MFA Wealth Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the second quarter valued at about $37,000. Finally, First Command Advisory Services Inc. increased its stake in shares of Enterprise Products Partners by 130.4% in the first quarter. First Command Advisory Services Inc. now owns 1,613 shares of the oil and gas producer’s stock valued at $47,000 after buying an additional 913 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Truist Financial raised their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley decreased their target price on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, June 10th. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.08.

Enterprise Products Partners Stock Down 0.7 %

Enterprise Products Partners stock traded down $0.21 during mid-day trading on Tuesday, reaching $29.18. The stock had a trading volume of 2,225,518 shares, compared to its average volume of 4,588,490. Enterprise Products Partners L.P. has a fifty-two week low of $25.61 and a fifty-two week high of $30.05. 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 stock’s 50-day simple moving average is $29.11 and its 200-day simple moving average is $28.64. The firm has a market capitalization of $63.37 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.18%. The company had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $14.23 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date was Wednesday, July 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.35%.

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.