Enterprise Products Partners L.P. $EPD Stock Position Increased by Prairie Advisory LLC

Prairie Advisory LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 95.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,224 shares of the oil and gas producer’s stock after purchasing an additional 14,774 shares during the quarter. Prairie Advisory LLC’s holdings in Enterprise Products Partners were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC increased its stake in shares of Enterprise Products Partners by 1.3% in the 2nd quarter. RFG Advisory LLC now owns 21,636 shares of the oil and gas producer’s stock valued at $795,000 after purchasing an additional 268 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Enterprise Products Partners by 0.8% during the 2nd quarter. Sigma Planning Corp now owns 35,270 shares of the oil and gas producer’s stock worth $1,297,000 after buying an additional 270 shares in the last quarter. Everest Financial Group LLC lifted its position in shares of Enterprise Products Partners by 3.6% during the 1st quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 271 shares during the last quarter. Renasant Bank lifted its position in shares of Enterprise Products Partners by 1.3% during the 2nd quarter. Renasant Bank now owns 21,160 shares of the oil and gas producer’s stock worth $778,000 after buying an additional 271 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Enterprise Products Partners by 0.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 75,188 shares of the oil and gas producer’s stock worth $2,677,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

EPD has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Enterprise Products Partners from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Stifel Nicolaus started coverage on Enterprise Products Partners in a research note on Thursday, September 10th. They set a “hold” rating and a $40.00 target price for the company. Weiss Ratings raised Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating and issued a $42.00 target price on shares of Enterprise Products Partners in a report on Tuesday, September 22nd. Finally, TD Cowen restated a “hold” rating and issued a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Hold” and an average price target of $40.12.

Enterprise Products Partners Price Performance

Shares of EPD traded down $0.00 during trading hours on Monday, reaching $36.82. The stock had a trading volume of 1,846,434 shares, compared to its average volume of 3,881,199. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. Enterprise Products Partners L.P. has a 12 month low of $30.02 and a 12 month high of $40.17. The stock has a market capitalization of $79.51 billion, a PE ratio of 12.78, a PEG ratio of 1.34 and a beta of 0.50. The company’s 50-day moving average is $37.87 and its two-hundred day moving average is $37.82.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%. The business had revenue of $18.27 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Enterprise Products Partners’s quarterly revenue was up 60.8% compared to the same quarter last year. Research analysts expect that Enterprise Products Partners L.P. will post 3.02 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, October 30th. Enterprise Products Partners’s payout ratio is 77.78%.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.