Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,445 shares of the oil and gas producer’s stock after buying an additional 1,309 shares during the period. Clear Creek Financial Management LLC’s holdings in Enterprise Products Partners were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can increased its stake 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 position in shares of Enterprise Products Partners by 4.2% during the 3rd quarter. Park Avenue Securities LLC now owns 36,633 shares of the oil and gas producer’s stock valued at $1,066,000 after buying an additional 1,474 shares during the last quarter. Walnut Private Equity Partners LLC raised its stake 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 worth $20,520,000 after acquiring an additional 6,000 shares during the period. Chemistry Wealth Management LLC bought a new position in Enterprise Products Partners in the third quarter worth about $302,000. Finally, SL Advisors LLC boosted its stake in Enterprise Products Partners by 3.1% in 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 acquiring an additional 2,226 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EPD has been the subject of a number of analyst reports. Bank of America initiated coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research note on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Finally, US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on 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 Performance

NYSE EPD opened at $32.70 on Monday. The company’s fifty day moving average is $32.53 and its two-hundred day moving average is $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 current ratio of 1.07 and a quick ratio of 0.83. The firm has a market capitalization of $70.87 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.59 and a beta of 1.09.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.535 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.55%. 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.