Ulrich Consultants & Investment Group LLC purchased a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,926 shares of the oil and gas producer's stock, valued at approximately $1,315,000. Enterprise Products Partners accounts for 1.4% of Ulrich Consultants & Investment Group LLC's investment portfolio, making the stock its 11th largest holding.
Several other hedge funds have also made changes to their positions in EPD. RFG Advisory LLC lifted 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 worth $795,000 after acquiring an additional 268 shares during the period. Sigma Planning Corp grew its stake 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 purchasing an additional 270 shares during the period. Everest Financial Group LLC boosted its holdings in Enterprise Products Partners by 3.6% during the first 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 in 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 valued at $778,000 after acquiring an additional 271 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake 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 acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. UBS Group reaffirmed a "buy" rating and set a $45.00 price target (up from $38.00) on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Morgan Stanley reissued an "underweight" rating and issued a $41.00 price objective (up from $40.00) on shares of Enterprise Products Partners in a research report on Tuesday, August 18th. Wall Street Zen cut shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 3rd. TD Cowen reissued 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. Finally, Stifel Nicolaus began coverage on shares of Enterprise Products Partners in a research report on Thursday, September 10th. They issued a "hold" rating and a $40.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Enterprise Products Partners presently has an average rating of "Hold" and an average target price of $40.12.
View Our Latest Stock Analysis on EPD
Enterprise Products Partners News Summary
Here are the key news stories impacting Enterprise Products Partners this week:
Enterprise Products Partners Stock Performance
Shares of NYSE:EPD opened at $36.09 on Wednesday. The company has a market cap of $77.92 billion, a P/E ratio of 12.47, a PEG ratio of 1.32 and a beta of 0.50. Enterprise Products Partners L.P. has a one year low of $30.01 and a one year high of $40.17. The business's 50-day simple moving average is $37.98 and its 200 day simple moving average is $37.88. 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 (NYSE:EPD - Get Free Report) last posted its earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.09. The business had revenue of $18.27 billion for the quarter, compared to analysts' expectations of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The business's revenue for the quarter was up 60.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 3.02 earnings per share for the current fiscal year.
Enterprise Products Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.56 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.24 annualized dividend and a dividend yield of 6.2%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 77.78%.
About Enterprise Products Partners
(
Free Report)
Enterprise Products Partners L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure in the United States. The company transports, stores, processes and exports oil, natural gas, natural gas liquids (NGLs), refined products and petrochemicals.
Its operations include pipelines, natural gas processing plants, NGL fractionation facilities, underground storage, marine terminals and export infrastructure. Enterprise serves producers, refiners, petrochemical manufacturers, utilities and other energy customers by connecting major producing regions with domestic and international markets.
Enterprise Products Partners was founded in 1968 and is headquartered in Houston, Texas.
Further Reading

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