Enterprise Products Partners L.P. (NYSE:EPD) is Texas Yale Capital Corp.'s 3rd Largest Position

Key Points

• Texas Yale Capital Corp. increased its holdings in Enterprise Products Partners L.P. by 3.6%, owning approximately 1.79 million shares after acquiring an additional 61,562 shares.
• Enterprise Products Partners recently announced a quarterly dividend increase to $0.545, representing a 6.91% yield based on an annualized payout of $2.18.
• Analysts have issued mixed ratings for the stock, with a consensus rating of "Moderate Buy" and a consensus price target of $36.36.

Texas Yale Capital Corp. boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,790,968 shares of the oil and gas producer's stock after buying an additional 61,562 shares during the quarter. Enterprise Products Partners makes up approximately 2.5% of Texas Yale Capital Corp.'s investment portfolio, making the stock its 3rd biggest holding. Texas Yale Capital Corp. owned about 0.08% of Enterprise Products Partners worth $61,144,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in Enterprise Products Partners by 5.0% in the first quarter. Alps Advisors Inc. now owns 41,326,613 shares of the oil and gas producer's stock valued at $1,410,891,000 after acquiring an additional 1,967,188 shares in the last quarter. Truist Financial Corp boosted its stake in Enterprise Products Partners by 293.6% in the first quarter. Truist Financial Corp now owns 2,018,964 shares of the oil and gas producer's stock valued at $68,927,000 after acquiring an additional 1,506,055 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at approximately $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Enterprise Products Partners by 8.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock worth $330,739,000 after buying an additional 851,188 shares during the period. Finally, KDK Private Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $22,333,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on EPD shares. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup lowered their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Barclays lowered their price objective on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Mizuho set a $38.00 price objective on shares of Enterprise Products Partners and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, Scotiabank lifted their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.25.

Enterprise Products Partners Stock Performance

EPD traded up $0.11 on Wednesday, reaching $31.54. The stock had a trading volume of 2,396,096 shares, compared to its average volume of 4,762,999. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The business's 50-day moving average price is $31.41 and its two-hundred day moving average price is $32.07. The company has a market cap of $68.40 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 1.80 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Enterprise Products Partners had a net margin of 10.71% and a return on equity of 19.88%. The firm had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $15.24 billion. During the same period in the previous year, the firm posted $0.64 EPS. The firm's quarterly revenue was down 15.7% on a year-over-year basis. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Thursday, July 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.91%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's payout ratio is currently 80.15%.

Insider Activity at Enterprise Products Partners

In related news, Director John R. Rutherford bought 15,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average price of $31.35 per share, with a total value of $470,250.00. Following the completion of the purchase, the director directly owned 158,586 shares of the company's stock, valued at approximately $4,971,671.10. This trade represents a 10.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 32.60% of the stock is owned by corporate insiders.

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.