Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 35.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,156 shares of the oil and gas producer’s stock after purchasing an additional 5,000 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Enterprise Products Partners were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EPD. Avior Wealth Management LLC grew its stake in Enterprise Products Partners by 46.2% in the 3rd quarter. Avior Wealth Management LLC now owns 17,409 shares of the oil and gas producer’s stock valued at $507,000 after acquiring an additional 5,500 shares during the period. Advisors Asset Management Inc. boosted its stake in Enterprise Products Partners by 0.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 82,871 shares of the oil and gas producer’s stock worth $2,412,000 after purchasing an additional 607 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Enterprise Products Partners by 78.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 26,091 shares of the oil and gas producer’s stock worth $760,000 after purchasing an additional 11,449 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Enterprise Products Partners by 0.4% during the 3rd quarter. King Luther Capital Management Corp now owns 236,944 shares of the oil and gas producer’s stock worth $6,897,000 after purchasing an additional 1,050 shares during the last quarter. Finally, 49 Wealth Management LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter worth $307,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Scotiabank lifted their target price on shares of 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. Truist Financial lifted 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. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Finally, Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.90.

Enterprise Products Partners Stock Down 1.2 %

Shares of EPD opened at $33.69 on Friday. The firm has a market cap of $72.95 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company’s 50-day moving average price is $33.41 and its 200 day moving average price is $31.54. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm 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%. Enterprise Products Partners’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.535 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners’s payout ratio is 79.55%.

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.