Kestra Private Wealth Services LLC Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Kestra Private Wealth Services LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,363 shares of the oil and gas producer's stock, valued at approximately $3,093,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer's stock valued at $128,000 after acquiring an additional 371 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Enterprise Products Partners by 3.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer's stock valued at $328,000 after purchasing an additional 386 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in Enterprise Products Partners by 1.9% in the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer's stock valued at $558,000 after purchasing an additional 393 shares during the last quarter. Register Financial Advisors LLC increased its holdings in Enterprise Products Partners by 2.3% in the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer's stock valued at $456,000 after purchasing an additional 397 shares during the last quarter. Finally, Your Advocates Ltd. LLP increased its holdings in Enterprise Products Partners by 1.9% in the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer's stock valued at $615,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Ratings Changes

EPD has been the subject of several recent analyst reports. Stifel Nicolaus increased their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Scotiabank increased their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 4th. Truist Financial increased their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays increased their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $32.75.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded up $0.30 during mid-day trading on Thursday, hitting $28.04. 4,346,472 shares of the stock traded hands, compared to its average volume of 5,014,134. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The company has a market cap of $60.80 billion, a PE ratio of 10.92 and a beta of 1.02. The firm has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $27.35.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. Enterprise Products Partners's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.67 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners's dividend payout ratio is 80.78%.

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.