Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,501 shares of the oil and gas producer’s stock after buying an additional 308 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Enterprise Products Partners were worth $78,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in shares of Enterprise Products Partners by 12.2% in the 3rd quarter. Van ECK Associates Corp now owns 84,939 shares of the oil and gas producer’s stock valued at $2,461,000 after purchasing an additional 9,209 shares in the last quarter. Leavell Investment Management Inc. grew its stake in shares of Enterprise Products Partners by 6.0% in the third quarter. Leavell Investment Management Inc. now owns 68,980 shares of the oil and gas producer’s stock worth $2,008,000 after purchasing an additional 3,891 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Enterprise Products Partners during the third quarter valued at $843,000. Verdence Capital Advisors LLC raised its stake in shares of Enterprise Products Partners by 21.5% during the third quarter. Verdence Capital Advisors LLC now owns 10,784 shares of the oil and gas producer’s stock valued at $314,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 1,188 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Up 2.1 %

NYSE:EPD opened at $33.43 on Monday. The stock has a fifty day simple moving average of $33.06 and a 200 day simple moving average of $31.27. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $72.40 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.535 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.40%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is presently 79.55%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Wells Fargo & Company downgraded Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Scotiabank raised their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.90.

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.