One Charles Private Wealth Services LLC Purchases 18,599 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

One Charles Private Wealth Services LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 37.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,227 shares of the oil and gas producer’s stock after purchasing an additional 18,599 shares during the quarter. Enterprise Products Partners comprises about 0.8% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 24th biggest holding. One Charles Private Wealth Services LLC’s holdings in Enterprise Products Partners were worth $1,986,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Paragon Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $2,628,000. Thrivent Financial for Lutherans increased its stake in Enterprise Products Partners by 5.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,072,866 shares of the oil and gas producer’s stock worth $118,561,000 after acquiring an additional 200,625 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Enterprise Products Partners by 19.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after acquiring an additional 3,770 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at $1,943,000. Finally, Atlanta Consulting Group Advisors LLC acquired a new stake in Enterprise Products Partners during the third quarter worth about $670,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on EPD. Bank of America assumed coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Stock Up 1.4 %

EPD stock opened at $32.81 on Friday. Enterprise Products Partners L.P. has a twelve month low of $25.96 and a twelve month high of $32.85. The firm has a market capitalization of $71.12 billion, a PE ratio of 12.29, a PEG ratio of 1.67 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $29.19.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Enterprise Products Partners’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 6.40%. Enterprise Products Partners’s payout ratio is 78.65%.

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.