Sapient Capital LLC purchased 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 13F filing with the SEC. The institutional investor purchased 124,141 shares of the oil and gas producer's stock, valued at approximately $3,271,000.
A number of other large investors have also made changes to their positions in the stock. Chevy Chase Trust Holdings LLC purchased a new position in shares of Enterprise Products Partners in the 3rd quarter worth about $205,000. SVB Wealth LLC lifted its position in Enterprise Products Partners by 23.0% during the third quarter. SVB Wealth LLC now owns 14,935 shares of the oil and gas producer's stock valued at $409,000 after buying an additional 2,793 shares in the last quarter. FinTrust Capital Advisors LLC grew its stake in Enterprise Products Partners by 36.9% during the third quarter. FinTrust Capital Advisors LLC now owns 3,898 shares of the oil and gas producer's stock worth $107,000 after buying an additional 1,050 shares during the period. Stratos Wealth Advisors LLC increased its holdings in Enterprise Products Partners by 5.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 20,646 shares of the oil and gas producer's stock valued at $565,000 after purchasing an additional 1,037 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Enterprise Products Partners by 4.3% during the third quarter. J.W. Cole Advisors Inc. now owns 39,545 shares of the oil and gas producer's stock worth $1,082,000 after purchasing an additional 1,635 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.
Enterprise Products Partners Stock Up 0.2 %
EPD traded up $0.05 during trading on Friday, reaching $28.10. 3,599,060 shares of the stock traded hands, compared to its average volume of 5,182,867. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The stock has a market cap of $60.93 billion, a price-to-earnings ratio of 11.02 and a beta of 1.02. The stock's 50-day simple moving average is $28.64 and its two-hundred day simple moving average is $27.35. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.75%. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, equities research analysts expect that Enterprise Products Partners L.P. will post 2.7 EPS for the current year.
Enterprise Products Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.33%. Enterprise Products Partners's dividend payout ratio is 80.78%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on EPD shares. Royal Bank of Canada reiterated an "outperform" rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Barclays lifted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 26th. Scotiabank raised their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a research report on Thursday, April 4th. Truist Financial raised their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Stifel Nicolaus upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners has an average rating of "Buy" and an average target price of $32.75.
Read Our Latest Stock Report on Enterprise Products Partners
About Enterprise Products Partners
(
Free Report)
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.
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