TCG Advisory Services LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 1,175.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,127 shares of the oil and gas producer's stock after buying an additional 193,651 shares during the period. TCG Advisory Services LLC's holdings in Enterprise Products Partners were worth $5,537,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of EPD. Cerity Partners LLC boosted its holdings in Enterprise Products Partners by 89.9% in the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer's stock worth $7,630,000 after purchasing an additional 137,044 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Enterprise Products Partners by 8.7% in the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer's stock worth $1,055,000 after purchasing an additional 3,075 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in Enterprise Products Partners during the 4th quarter worth $7,542,000. Sapient Capital LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth $3,271,000. Finally, Acadian Asset Management LLC acquired a new position in Enterprise Products Partners during the 3rd quarter worth $3,793,000. Institutional investors own 26.07% of the company's stock.
Enterprise Products Partners Price Performance
NYSE EPD traded up $0.05 on Friday, reaching $28.10. The company's stock had a trading volume of 3,599,060 shares, compared to its average volume of 5,182,867. The firm has a market cap of $60.93 billion, a PE ratio of 11.02 and a beta of 1.02. The business has a 50-day moving average price of $28.64 and a 200 day moving average price of $27.35. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The business had revenue of $14.76 billion for the quarter, compared to analysts' expectations 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 previous year, the firm posted $0.64 earnings per share. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.7 EPS for the current year.
Enterprise Products Partners Dividend Announcement
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 Ratings Changes
EPD has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 26th. StockNews.com raised shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Truist Financial boosted their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday. Stifel Nicolaus upped their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Finally, Mizuho reaffirmed a "buy" rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two investment 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 stock. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of "Buy" and an average target price of $32.75.
Read Our Latest 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.
Featured Articles
Before you consider Enterprise Products Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Products Partners wasn't on the list.
While Enterprise Products Partners currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
