Lmcg Investments LLC Grows Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Lmcg Investments LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 22.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,072 shares of the oil and gas producer’s stock after buying an additional 8,000 shares during the period. Lmcg Investments LLC’s holdings in Enterprise Products Partners were worth $1,135,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EPD. Hazlett Burt & Watson Inc. grew its holdings in Enterprise Products Partners by 8.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 371 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Enterprise Products Partners by 3.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 386 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Enterprise Products Partners by 1.9% during the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock valued at $558,000 after buying an additional 393 shares during the last quarter. Register Financial Advisors LLC lifted its position in Enterprise Products Partners by 2.3% during the 4th quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after acquiring an additional 397 shares during the period. Finally, Your Advocates Ltd. LLP grew its stake in Enterprise Products Partners by 1.9% during the 3rd quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock valued at $615,000 after purchasing an additional 412 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Price Performance

Shares of EPD stock traded down $0.09 during trading hours on Wednesday, hitting $28.86. 2,976,774 shares of the company’s stock were exchanged, compared to its average volume of 4,925,613. The firm has a 50 day moving average of $28.79 and a two-hundred day moving average of $27.41. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99. The firm has a market cap of $62.67 billion, a P/E ratio of 11.31 and a beta of 1.02. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.7 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.14%. Enterprise Products Partners’s payout ratio is currently 80.78%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EPD. Stifel Nicolaus upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Truist Financial raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Wells Fargo & Company increased their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Scotiabank boosted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.75.

Get Our Latest Analysis on EPD

Enterprise Products Partners Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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