Sargent Investment Group LLC Has $638,000 Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Sargent Investment Group LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,905 shares of the oil and gas producer’s stock after purchasing an additional 500 shares during the period. Sargent Investment Group LLC’s holdings in Enterprise Products Partners were worth $638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Black Swift Group LLC purchased a new position in shares of Enterprise Products Partners in the third quarter worth approximately $349,000. Curi RMB Capital LLC grew its stake in Enterprise Products Partners by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 73,828 shares of the oil and gas producer’s stock worth $2,149,000 after buying an additional 339 shares during the last quarter. Summit Asset Management LLC raised its stake in Enterprise Products Partners by 22.5% in the 3rd quarter. Summit Asset Management LLC now owns 15,293 shares of the oil and gas producer’s stock worth $445,000 after acquiring an additional 2,812 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Enterprise Products Partners by 11.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 71,474 shares of the oil and gas producer’s stock valued at $2,081,000 after acquiring an additional 7,536 shares during the period. Finally, Haverford Trust Co boosted its holdings in Enterprise Products Partners by 1.4% in the 3rd quarter. Haverford Trust Co now owns 74,359 shares of the oil and gas producer’s stock worth $2,165,000 after buying an additional 1,000 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on EPD shares. StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Bank of America initiated coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Truist Financial boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $34.00.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.26 during trading on Thursday, hitting $30.65. 1,686,914 shares of the company’s stock were exchanged, compared to its average volume of 4,287,234. The company has a market cap of $66.44 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.57 and a beta of 1.04. Enterprise Products Partners L.P. has a 52-week low of $25.95 and a 52-week high of $30.71. The business’s 50-day simple moving average is $29.36 and its 200 day simple moving average is $29.02. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The company had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the business earned $0.60 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, equities analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 6.85%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s payout ratio is 78.65%.

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.