CreativeOne Wealth LLC Purchases 23,178 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

CreativeOne Wealth LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 139.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,799 shares of the oil and gas producer's stock after buying an additional 23,178 shares during the quarter. CreativeOne Wealth LLC's holdings in Enterprise Products Partners were worth $1,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EPD. Kayne Anderson Capital Advisors LP increased its stake in Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after buying an additional 1,947,017 shares during the last quarter. Barclays PLC increased its position in shares of Enterprise Products Partners by 110.0% during the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after purchasing an additional 1,326,010 shares during the last quarter. KDK Private Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $22,333,000. Strategic Financial Concepts LLC grew its stake in shares of Enterprise Products Partners by 3,884.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock valued at $21,414,000 after buying an additional 665,716 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Enterprise Products Partners during the fourth quarter worth $13,599,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Down 1.9 %

NYSE EPD traded down $0.59 on Monday, hitting $30.44. 1,081,258 shares of the company were exchanged, compared to its average volume of 4,362,230. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a market cap of $65.91 billion, a PE ratio of 11.30, a PEG ratio of 1.37 and a beta of 0.78. The stock has a fifty day moving average of $32.61 and a 200-day moving average of $31.91. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. As a group, analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 7.03%. Enterprise Products Partners's payout ratio is 79.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Barclays upped their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Morgan Stanley increased their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Truist Financial boosted their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

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.