Veracity Capital LLC Increases Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Veracity Capital LLC grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,656 shares of the oil and gas producer’s stock after acquiring an additional 605 shares during the period. Veracity Capital LLC’s holdings in Enterprise Products Partners were worth $1,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EPD. Park Avenue Securities LLC purchased a new stake in Enterprise Products Partners in the first quarter worth $951,000. Douglas Lane & Associates LLC lifted its position in shares of Enterprise Products Partners by 27.4% in the 1st quarter. Douglas Lane & Associates LLC now owns 19,604 shares of the oil and gas producer’s stock worth $572,000 after purchasing an additional 4,216 shares during the period. GP Brinson Investments LLC boosted its stake in shares of Enterprise Products Partners by 174.0% during the 1st quarter. GP Brinson Investments LLC now owns 743,733 shares of the oil and gas producer’s stock valued at $21,702,000 after purchasing an additional 472,270 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Enterprise Products Partners by 2.2% during the first quarter. Miller Howard Investments Inc. NY now owns 3,220,815 shares of the oil and gas producer’s stock valued at $93,983,000 after buying an additional 69,396 shares during the period. Finally, Charles Schwab Trust Co raised its stake in Enterprise Products Partners by 6.7% in the first quarter. Charles Schwab Trust Co now owns 69,900 shares of the oil and gas producer’s stock worth $2,040,000 after buying an additional 4,382 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EPD has been the topic of several research reports. Royal Bank of Canada lifted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Truist Financial upped their price target 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. Finally, Bank of America assumed coverage on Enterprise Products Partners in a research report on Thursday. They set a “buy” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus target price of $33.73.

Enterprise Products Partners Trading Up 0.2 %

NYSE EPD opened at $29.18 on Friday. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $30.05. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The stock’s fifty day moving average price is $29.21 and its 200-day moving average price is $28.97. The stock has a market cap of $63.37 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.49 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.35%.

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.