Curi RMB Capital LLC Has $2.33 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Curi RMB Capital LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,411 shares of the oil and gas producer’s stock after purchasing an additional 583 shares during the period. Curi RMB Capital LLC’s holdings in Enterprise Products Partners were worth $2,334,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EPD. Kayne Anderson Capital Advisors LP increased its position in Enterprise Products Partners by 16.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer’s stock worth $426,125,000 after buying an additional 1,947,017 shares during the last quarter. Barclays PLC raised its stake in shares of Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer’s stock valued at $73,699,000 after acquiring an additional 1,326,010 shares in the last quarter. KDK Private Wealth Management LLC acquired a new position in Enterprise Products Partners during the fourth quarter valued at approximately $22,333,000. Strategic Financial Concepts LLC raised its position in shares of Enterprise Products Partners by 3,884.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer’s stock valued at $21,414,000 after purchasing an additional 665,716 shares during the period. Finally, Fisher Funds Management LTD bought a new position in shares of Enterprise Products Partners in the fourth quarter valued at approximately $13,599,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EPD. Morgan Stanley raised their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th. StockNews.com upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Truist Financial increased their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Finally, Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Enterprise Products Partners has a consensus rating of “Moderate Buy” and an average price target of $36.89.

Enterprise Products Partners Trading Up 2.0 %

Shares of EPD stock opened at $31.05 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The firm has a fifty day moving average of $32.61 and a 200-day moving average of $31.91. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The stock has a market cap of $67.25 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.78.

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

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 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.