FSM Wealth Advisors LLC Acquires 6,014 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

FSM Wealth Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 18.4% during the 4th quarter, HoldingsChannel reports. The firm owned 38,712 shares of the oil and gas producer’s stock after purchasing an additional 6,014 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPD. Bank of Montreal Can grew its holdings in Enterprise Products Partners by 2.3% during the second quarter. Bank of Montreal Can now owns 25,371 shares of the oil and gas producer’s stock valued at $739,000 after purchasing an additional 570 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Enterprise Products Partners by 4.2% during the third quarter. Park Avenue Securities LLC now owns 36,633 shares of the oil and gas producer’s stock valued at $1,066,000 after purchasing an additional 1,474 shares during the last quarter. Walnut Private Equity Partners LLC grew its holdings in Enterprise Products Partners by 0.9% during the third quarter. Walnut Private Equity Partners LLC now owns 700,000 shares of the oil and gas producer’s stock valued at $20,520,000 after purchasing an additional 6,000 shares during the last quarter. Chemistry Wealth Management LLC acquired a new position in Enterprise Products Partners during the third quarter valued at approximately $302,000. Finally, SL Advisors LLC grew its holdings in Enterprise Products Partners by 3.1% during the third 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. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on EPD shares. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Bank of America assumed coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 price objective on the stock. Finally, Wells Fargo & Company downgraded shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

Enterprise Products Partners Stock Down 4.0 %

Shares of NYSE EPD opened at $32.70 on Monday. The stock has a market cap of $70.87 billion, a PE ratio of 12.25, a PEG ratio of 1.54 and a beta of 1.09. The business has a fifty day moving average of $32.53 and a two-hundred day moving average of $30.54. Enterprise Products Partners L.P. has a 52-week low of $26.12 and a 52-week high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.535 per share. The ex-dividend date is Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.55%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

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.