Blair William & Co. IL Boosts Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Blair William & Co. IL lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,820 shares of the oil and gas producer’s stock after acquiring an additional 6,142 shares during the period. Blair William & Co. IL’s holdings in Enterprise Products Partners were worth $26,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Enterprise Products Partners during the third quarter worth $49,000. FMR LLC raised its position in Enterprise Products Partners by 9.3% in the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer’s stock valued at $420,037,000 after purchasing an additional 1,225,988 shares during the period. Townsquare Capital LLC lifted its stake in shares of Enterprise Products Partners by 35.0% in the 3rd quarter. Townsquare Capital LLC now owns 23,920 shares of the oil and gas producer’s stock valued at $696,000 after purchasing an additional 6,203 shares during the last quarter. Cynosure Group LLC purchased a new position in shares of Enterprise Products Partners during the 3rd quarter worth $358,000. Finally, Glenmede Trust Co. NA increased its position in shares of Enterprise Products Partners by 9.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 735,233 shares of the oil and gas producer’s stock worth $21,403,000 after purchasing an additional 64,968 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Up 0.3 %

Enterprise Products Partners stock opened at $33.96 on Friday. The stock’s fifty day moving average is $33.45 and its two-hundred day moving average is $31.67. The stock has a market cap of $73.54 billion, a PE ratio of 12.62, a P/E/G ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year 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.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.535 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.30%. Enterprise Products Partners’s payout ratio is 79.55%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EPD. Truist Financial increased their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday. Morgan Stanley upped their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Barclays lifted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Finally, Scotiabank increased their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

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.