Basso Capital Management L.P. Acquires New Position in Enterprise Products Partners L.P. $EPD

Key Points

• Basso Capital Management opened a new position in Enterprise Products Partners, buying 35,860 shares worth approximately $1.28 million in the third quarter.
• Analyst sentiment is mixed: the consensus rating is Hold, with a $40.18 average price target; seven analysts rate EPD a Buy, ten a Hold, and one a Sell.
• EPD reported quarterly earnings of $0.75 per share, matching estimates, while revenue rose 49.3% year over year. It also announced a $0.56 quarterly distribution, equivalent to a 6.1% annualized yield.

Basso Capital Management L.P. bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 35,860 shares of the oil and gas producer's stock, valued at approximately $1,277,000.

Other hedge funds also recently made changes to their positions in the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in Enterprise Products Partners by 15.1% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,801,500 shares of the oil and gas producer's stock valued at $64,151,000 after buying an additional 236,000 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Enterprise Products Partners during the second quarter valued at $12,866,000. Bank of America Corp DE bought a new position in shares of Enterprise Products Partners during the second quarter worth about $416,553,000. Core Capital Management & Research inc. bought a new position in shares of Enterprise Products Partners during the second quarter worth about $4,393,000. Finally, Baird Financial Group Inc. bought a new position in shares of Enterprise Products Partners during the second quarter worth about $1,174,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Ratings Changes

EPD has been the topic of several recent research reports. Wall Street Zen downgraded shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 31st. TD Cowen restated a "hold" rating and issued a $38.00 target price (down from $39.00) on shares of Enterprise Products Partners in a research report on Monday, August 3rd. Melius Research started coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They issued a "hold" rating and a $42.00 price target on the stock. Stifel Nicolaus began coverage on shares of Enterprise Products Partners in a research note on Thursday, September 10th. They issued a "hold" rating and a $40.00 price target on the stock. Finally, Weiss Ratings raised Enterprise Products Partners from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, October 16th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of "Hold" and a consensus target price of $40.18.

Key Headlines Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: RBC Capital reaffirmed its Buy rating on EPD, signaling continued analyst confidence. RBC Capital Reaffirms Their Buy Rating on Enterprise Products Partners (EPD)
• Positive Sentiment: Enterprise reportedly covers its distribution 1.9 times, supporting the sustainability of its payout and helping reassure income-focused investors. Enterprise Products Covers Its Distribution 1.9 Times
• Positive Sentiment: Investors bought 11,514 EPD call options, nearly double the typical daily volume—an indication of increased bullish positioning, though options activity can be speculative.
• Neutral Sentiment: Zacks highlighted EPD as a widely watched stock and characterized it as a growth stock, but the article summaries provide no new forecast or company-specific catalyst. Why EPD Is a Strong Growth Stock
• Negative Sentiment: A 4.91% 10-year Treasury yield gives investors a lower-risk income alternative, potentially making EPD’s distribution less attractive by comparison. The 10-Year Treasury Yields 4.91%
• Negative Sentiment: EPD’s distribution growth has slowed from 5% to 2.7%, which may weigh on investors seeking faster income growth, despite its long record of annual increases. Enterprise Products Partners’ Distribution Growth Has Slowed

Enterprise Products Partners Stock Performance

EPD stock opened at $36.67 on Thursday. The company has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $37.33. The company has a market capitalization of $79.18 billion, a P/E ratio of 12.14, a PEG ratio of 1.33 and a beta of 0.48. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. Enterprise Products Partners L.P. has a fifty-two week low of $30.02 and a fifty-two week high of $40.17.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Wednesday, October 28th. The oil and gas producer reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $17.95 billion for the quarter, compared to analysts' expectations of $14.98 billion. Enterprise Products Partners had a net margin of 10.24% and a return on equity of 21.50%. Enterprise Products Partners's quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Sell-side analysts predict that Enterprise Products Partners L.P. will post 3.12 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, October 30th. Enterprise Products Partners's dividend payout ratio is 74.17%.

About Enterprise Products Partners

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.

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