Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 2.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,546 shares of the oil and gas producer’s stock after acquiring an additional 4,658 shares during the period. Gilman Hill Asset Management LLC’s holdings in Enterprise Products Partners were worth $6,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Blackstone Inc. lifted its stake in Enterprise Products Partners by 6.3% during the first quarter. Blackstone Inc. now owns 23,533,643 shares of the oil and gas producer’s stock worth $686,712,000 after purchasing an additional 1,391,370 shares in the last quarter. Reaves W H & Co. Inc. lifted its stake in Enterprise Products Partners by 1,368.4% during the first quarter. Reaves W H & Co. Inc. now owns 1,468,440 shares of the oil and gas producer’s stock worth $42,849,000 after purchasing an additional 1,368,440 shares in the last quarter. Berkley W R Corp lifted its stake in Enterprise Products Partners by 24.5% during the first quarter. Berkley W R Corp now owns 5,089,794 shares of the oil and gas producer’s stock worth $148,520,000 after purchasing an additional 1,000,000 shares in the last quarter. Distillate Capital Partners LLC lifted its stake in Enterprise Products Partners by 160,136.7% during the second quarter. Distillate Capital Partners LLC now owns 767,534 shares of the oil and gas producer’s stock worth $22,243,000 after purchasing an additional 767,055 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in Enterprise Products Partners by 4.8% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,221,236 shares of the oil and gas producer’s stock worth $470,091,000 after purchasing an additional 741,237 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Up 0.7 %

NYSE:EPD traded up $0.20 during trading hours on Friday, hitting $29.45. The company’s stock had a trading volume of 3,012,337 shares, compared to its average volume of 4,324,188. The stock has a market capitalization of $63.92 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03. The stock has a fifty day moving average of $29.16 and a 200-day moving average of $28.97. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. Enterprise Products Partners L.P. has a 52-week low of $25.61 and a 52-week high of $30.05.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The company had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was up 26.6% on a year-over-year basis. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a $0.525 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 7.13%. Enterprise Products Partners’s dividend payout ratio is presently 80.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EPD. StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Truist Financial upped 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 analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $33.50.

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.