Aptus Capital Advisors LLC Acquires Shares of 8,232 Enterprise Products Partners L.P. (NYSE:EPD)

Aptus Capital Advisors LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,232 shares of the oil and gas producer’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Savvy Advisors Inc. increased its holdings in Enterprise Products Partners by 11.2% during the 3rd quarter. Savvy Advisors Inc. now owns 8,692 shares of the oil and gas producer’s stock worth $253,000 after purchasing an additional 876 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Enterprise Products Partners by 11.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 12,221 shares of the oil and gas producer’s stock worth $356,000 after buying an additional 1,266 shares in the last quarter. Apollon Wealth Management LLC raised its position in Enterprise Products Partners by 2.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 107,512 shares of the oil and gas producer’s stock valued at $3,130,000 after buying an additional 2,255 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Enterprise Products Partners by 4.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 228,135 shares of the oil and gas producer’s stock valued at $6,641,000 after acquiring an additional 8,680 shares in the last quarter. Finally, Meixler Investment Management Ltd. boosted its holdings in Enterprise Products Partners by 3.5% during the 3rd quarter. Meixler Investment Management Ltd. now owns 74,775 shares of the oil and gas producer’s stock worth $2,177,000 after acquiring an additional 2,525 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price for the company. US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $31.09 on Friday. Enterprise Products Partners L.P. has a 1 year low of $25.95 and a 1 year high of $31.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.68. The business has a fifty day simple moving average of $29.44 and a two-hundred day simple moving average of $29.05. The company has a market capitalization of $67.39 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.57 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date was Thursday, October 31st. Enterprise Products Partners’s payout ratio is currently 78.65%.

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.