GHP Investment Advisors Inc. Grows Position in Enterprise Products Partners L.P. (NYSE:EPD)

GHP Investment Advisors Inc. raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 32.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,325 shares of the oil and gas producer’s stock after purchasing an additional 325 shares during the period. GHP Investment Advisors Inc.’s holdings in Enterprise Products Partners were worth $42,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EPD. Strategic Wealth Partners Ltd. lifted its holdings in Enterprise Products Partners by 3.8% during the third quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer’s stock worth $283,000 after buying an additional 353 shares during the period. CWM LLC lifted its stake in shares of Enterprise Products Partners by 8.4% during the 3rd quarter. CWM LLC now owns 72,044 shares of the oil and gas producer’s stock worth $2,097,000 after purchasing an additional 5,590 shares during the last quarter. Fermata Advisors LLC boosted its position in Enterprise Products Partners by 15.5% during the third quarter. Fermata Advisors LLC now owns 9,914 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 1,330 shares in the last quarter. Charles Schwab Trust Co grew its stake in Enterprise Products Partners by 0.8% in the third quarter. Charles Schwab Trust Co now owns 66,262 shares of the oil and gas producer’s stock valued at $1,929,000 after purchasing an additional 544 shares during the last quarter. Finally, LongView Wealth Management bought a new position in Enterprise Products Partners in the third quarter worth about $229,000. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of analyst reports. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Bank of America assumed coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price objective for the company. Scotiabank began coverage on Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 target price on the stock. Finally, Wells Fargo & Company downgraded Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD opened at $32.96 on Friday. The stock has a market cap of $71.45 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.54 and a beta of 1.09. Enterprise Products Partners L.P. has a 12 month low of $26.14 and a 12 month high of $34.63. The company has a 50 day simple moving average of $32.52 and a two-hundred day simple moving average of $30.62. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.67 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.535 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.49%. Enterprise Products Partners’s payout ratio is presently 79.55%.

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.