Future Financial Wealth Managment LLC Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Future Financial Wealth Managment LLC purchased a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,130 shares of the oil and gas producer’s stock, valued at approximately $178,000.

Several other large investors have also modified their holdings of EPD. Hantz Financial Services Inc. bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at about $25,000. Stephens Consulting LLC bought a new stake in shares of Enterprise Products Partners in the 1st quarter valued at about $29,000. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners in the 1st quarter valued at about $29,000. Mascoma Wealth Management LLC bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at about $29,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at about $37,000. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

EPD has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of “Buy” and an average price target of $33.50.

Enterprise Products Partners Stock Down 1.3 %

NYSE:EPD opened at $29.19 on Wednesday. The company has a market cap of $63.39 billion, a PE 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 twelve month low of $25.61 and a twelve month high of $30.05. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $29.12 and its two-hundred day moving average is $28.96.

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

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio is presently 82.35%.

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.