Capital Advisory Group Advisory Services LLC Boosts Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Capital Advisory Group Advisory Services LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,699 shares of the oil and gas producer’s stock after buying an additional 629 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Enterprise Products Partners were worth $649,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EPD. Bank of Stockton lifted its holdings in shares of Enterprise Products Partners by 26.4% in the fourth quarter. Bank of Stockton now owns 10,030 shares of the oil and gas producer’s stock worth $315,000 after buying an additional 2,098 shares in the last quarter. Crumly & Associates Inc. increased its holdings in Enterprise Products Partners by 3.7% during the 4th quarter. Crumly & Associates Inc. now owns 16,490 shares of the oil and gas producer’s stock worth $517,000 after acquiring an additional 592 shares during the period. Arcadia Investment Management Corp MI boosted its holdings in Enterprise Products Partners by 56.0% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,141 shares of the oil and gas producer’s stock valued at $349,000 after purchasing an additional 4,000 shares during the period. Allianz Asset Management GmbH grew its position in shares of Enterprise Products Partners by 4.0% during the 4th quarter. Allianz Asset Management GmbH now owns 2,268,855 shares of the oil and gas producer’s stock valued at $71,151,000 after purchasing an additional 88,100 shares in the last quarter. Finally, WP Advisors LLC increased its holdings in shares of Enterprise Products Partners by 2.6% in the fourth quarter. WP Advisors LLC now owns 346,315 shares of the oil and gas producer’s stock worth $10,860,000 after purchasing an additional 8,766 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EPD. Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Citigroup raised their target price on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Truist Financial boosted their price target on shares of 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 assumed coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.70.

Enterprise Products Partners Trading Down 0.3 %

NYSE EPD opened at $33.54 on Friday. The firm has a market cap of $72.69 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. Enterprise Products Partners L.P. has a 1-year low of $27.26 and a 1-year high of $34.63. The stock has a 50-day moving average of $32.60 and a 200-day moving average of $30.89. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

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

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.535 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.38%. Enterprise Products Partners’s payout ratio is presently 79.55%.

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.