Creative Financial Designs Inc. ADV Grows Position in Enterprise Products Partners L.P. (NYSE:EPD)

Creative Financial Designs Inc. ADV grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,637 shares of the oil and gas producer’s stock after purchasing an additional 2,931 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Enterprise Products Partners were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its position in shares of Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 1,188 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Enterprise Products Partners by 14.1% during the 3rd quarter. Empowered Funds LLC now owns 181,654 shares of the oil and gas producer’s stock valued at $5,288,000 after buying an additional 22,506 shares in the last quarter. MAI Capital Management lifted its position in shares of Enterprise Products Partners by 2.3% during the 3rd quarter. MAI Capital Management now owns 611,867 shares of the oil and gas producer’s stock valued at $17,811,000 after buying an additional 13,547 shares in the last quarter. WP Advisors LLC lifted its position in shares of Enterprise Products Partners by 2.7% during the 3rd quarter. WP Advisors LLC now owns 337,549 shares of the oil and gas producer’s stock valued at $9,826,000 after buying an additional 8,910 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Enterprise Products Partners during the 3rd quarter valued at approximately $1,943,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.9 %

Shares of EPD opened at $33.88 on Tuesday. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The company has a market capitalization of $73.38 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The stock has a fifty day simple moving average of $33.27 and a two-hundred day simple moving average of $31.44. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.32%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Truist Financial raised their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Scotiabank raised their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Finally, Morgan Stanley raised their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.90.

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.