Compass Ion Advisors LLC Takes $205,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Compass Ion Advisors LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,523 shares of the oil and gas producer’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter valued at about $1,943,000. BIP Wealth LLC purchased a new stake in Enterprise Products Partners in the 3rd quarter valued at approximately $614,000. Avior Wealth Management LLC increased its position in Enterprise Products Partners by 46.2% during the 3rd quarter. Avior Wealth Management LLC now owns 17,409 shares of the oil and gas producer’s stock worth $507,000 after purchasing an additional 5,500 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Enterprise Products Partners by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 82,871 shares of the oil and gas producer’s stock valued at $2,412,000 after buying an additional 607 shares during the period. Finally, Cedar Wealth Management LLC boosted its stake in shares of Enterprise Products Partners by 2.8% in the third quarter. Cedar Wealth Management LLC now owns 16,764 shares of the oil and gas producer’s stock valued at $488,000 after buying an additional 450 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPD has been the subject of several research analyst reports. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th. Barclays boosted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Scotiabank boosted their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Finally, Truist Financial raised their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.90.

Enterprise Products Partners Price Performance

EPD stock opened at $33.99 on Thursday. The stock’s 50 day moving average price is $33.34 and its 200 day moving average price is $31.49. The firm has a market cap of $73.62 billion, a P/E ratio of 12.64, a PEG ratio of 1.37 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s payout ratio is currently 79.55%.

Enterprise Products Partners Company 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.