Greenline Partners LLC Has $1.62 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Greenline Partners LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 36.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 55,753 shares of the oil and gas producer’s stock after purchasing an additional 14,869 shares during the period. Greenline Partners LLC’s holdings in Enterprise Products Partners were worth $1,616,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. raised its stake in Enterprise Products Partners by 9.0% in the second quarter. Westwood Holdings Group Inc. now owns 5,404,012 shares of the oil and gas producer’s stock valued at $156,608,000 after buying an additional 447,768 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Enterprise Products Partners by 158.7% during the 2nd quarter. Summit Trail Advisors LLC now owns 25,113 shares of the oil and gas producer’s stock worth $728,000 after acquiring an additional 15,407 shares during the last quarter. Pacer Advisors Inc. raised its stake in Enterprise Products Partners by 5.2% in the 2nd quarter. Pacer Advisors Inc. now owns 81,517 shares of the oil and gas producer’s stock valued at $2,362,000 after acquiring an additional 4,038 shares during the period. Ranch Capital Advisors Inc. boosted its position in Enterprise Products Partners by 1.5% during the second quarter. Ranch Capital Advisors Inc. now owns 27,175 shares of the oil and gas producer’s stock worth $788,000 after purchasing an additional 407 shares during the period. Finally, AE Wealth Management LLC increased its holdings in shares of Enterprise Products Partners by 67.6% in the second quarter. AE Wealth Management LLC now owns 35,024 shares of the oil and gas producer’s stock valued at $1,015,000 after purchasing an additional 14,122 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

EPD has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley reduced their price objective on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Finally, StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average target price of $33.08.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $29.32 on Friday. The firm has a market cap of $63.67 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68. The stock’s fifty day moving average price is $29.22 and its two-hundred day moving average price is $28.89. 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 posted its quarterly earnings results 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). The company had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a dividend of $0.525 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.10 annualized dividend and a dividend yield of 7.16%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.35%.

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.