Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by GM Advisory Group LLC

GM Advisory Group LLC lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 82,493 shares of the oil and gas producer’s stock after purchasing an additional 3,084 shares during the quarter. GM Advisory Group LLC’s holdings in Enterprise Products Partners were worth $2,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stokes Family Office LLC boosted its holdings in shares of Enterprise Products Partners by 10.6% during the 4th quarter. Stokes Family Office LLC now owns 17,240 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 1,650 shares during the last quarter. FreeGulliver LLC boosted its holdings in shares of Enterprise Products Partners by 11.0% during the 4th quarter. FreeGulliver LLC now owns 8,388 shares of the oil and gas producer’s stock worth $263,000 after purchasing an additional 828 shares during the last quarter. Compass Ion Advisors LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $205,000. Enhancing Capital LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $281,000. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $122,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Down 0.4 %

Shares of NYSE EPD opened at $33.80 on Wednesday. The firm has a market cap of $73.20 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.37 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $31.48.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.33%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is currently 79.55%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EPD shares. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Wolfe Research cut Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Morgan Stanley upped their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Scotiabank upped their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Finally, Barclays upped their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.90.

About Enterprise Products Partners

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.