Objectivity Squared LLC Has $1.26 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Objectivity Squared LLC increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,571 shares of the oil and gas producer’s stock after buying an additional 753 shares during the quarter. Enterprise Products Partners accounts for approximately 0.9% of Objectivity Squared LLC’s investment portfolio, making the stock its 20th largest position. Objectivity Squared LLC’s holdings in Enterprise Products Partners were worth $1,258,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Howard Financial Services LTD. lifted its holdings in Enterprise Products Partners by 1.7% during the 3rd quarter. Howard Financial Services LTD. now owns 90,724 shares of the oil and gas producer’s stock worth $2,641,000 after buying an additional 1,552 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Enterprise Products Partners in the third quarter valued at approximately $178,000. Strategic Wealth Partners Ltd. raised its holdings in Enterprise Products Partners by 3.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer’s stock worth $283,000 after purchasing an additional 353 shares during the last quarter. SL Advisors LLC boosted its stake in shares of Enterprise Products Partners by 3.1% in the 3rd quarter. SL Advisors LLC now owns 73,064 shares of the oil and gas producer’s stock valued at $2,127,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Chemistry Wealth Management LLC bought a new position in Enterprise Products Partners during the third quarter worth $302,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.2 %

Shares of Enterprise Products Partners stock traded up $0.05 during trading hours on Wednesday, reaching $29.23. The company’s stock had a trading volume of 261,527 shares, compared to its average volume of 4,327,208. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. The stock’s fifty day simple moving average is $29.12 and its two-hundred day simple moving average is $28.96. The company has a market capitalization of $63.47 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.50 and a beta of 1.03. Enterprise Products Partners L.P. has a one year low of $25.61 and a one year high of $30.05.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The company had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $14.23 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.72 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.18%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 82.35%.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of research analyst reports. Truist Financial upped their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $33.50.

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.