Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 59.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,135 shares of the oil and gas producer’s stock after purchasing an additional 3,792 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Enterprise Products Partners were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its position in Enterprise Products Partners by 8.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 371 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Enterprise Products Partners by 1.9% in the 4th quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after acquiring an additional 393 shares during the last quarter. Register Financial Advisors LLC raised its position in shares of Enterprise Products Partners by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after purchasing an additional 397 shares during the period. Eaton Financial Holdings Company LLC lifted its holdings in shares of Enterprise Products Partners by 1.2% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 34,738 shares of the oil and gas producer’s stock valued at $915,000 after purchasing an additional 420 shares during the last quarter. Finally, Your Advocates Ltd. LLP boosted its position in shares of Enterprise Products Partners by 1.9% in the 4th quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock valued at $604,000 after purchasing an additional 425 shares during the period. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Down 0.2 %

NYSE:EPD opened at $28.31 on Wednesday. The company has a market capitalization of $61.48 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.32 and a beta of 1.03. The stock’s 50 day moving average price is $28.51 and its 200 day moving average price is $27.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. Enterprise Products Partners L.P. has a 52 week low of $25.61 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. Enterprise Products Partners’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.73 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.28%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 80.78%.

Analyst Ratings Changes

EPD has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Wells Fargo & Company upped their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Truist Financial lifted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley cut their target price on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Finally, Barclays lifted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Buy” and an average target price of $32.77.

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.