Stockman Wealth Management Inc. Has $853,000 Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Stockman Wealth Management Inc. raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 32,365 shares of the oil and gas producer’s stock after acquiring an additional 700 shares during the period. Stockman Wealth Management Inc.’s holdings in Enterprise Products Partners were worth $853,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rational Advisors LLC bought a new position in shares of Enterprise Products Partners in the 3rd quarter valued at $43,000. Financial Gravity Asset Management Inc. bought a new position in shares of Enterprise Products Partners in the 3rd quarter valued at $48,000. Bear Mountain Capital Inc. bought a new position in shares of Enterprise Products Partners in the 4th quarter valued at $53,000. Headinvest LLC bought a new position in shares of Enterprise Products Partners during the third quarter valued at $62,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Enterprise Products Partners by 31.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,591 shares of the oil and gas producer’s stock worth $68,000 after purchasing an additional 614 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Up 0.6 %

EPD traded up $0.16 during midday trading on Monday, hitting $29.01. The company had a trading volume of 4,798,583 shares, compared to its average volume of 4,912,251. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $62.89 billion, a price-to-earnings ratio of 11.51 and a beta of 1.02. The stock’s 50 day moving average price is $28.41 and its 200 day moving average price is $27.28.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 7.10%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.75%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EPD shares. Stifel Nicolaus lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Scotiabank lifted their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Mizuho reiterated a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Finally, StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $32.58.

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.