J.W. Cole Advisors Inc. Purchases 5,014 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

J.W. Cole Advisors Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,846 shares of the oil and gas producer’s stock after buying an additional 5,014 shares during the period. J.W. Cole Advisors Inc.’s holdings in Enterprise Products Partners were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. JRM Investment Counsel LLC grew its position in shares of Enterprise Products Partners by 2.1% during the fourth quarter. JRM Investment Counsel LLC now owns 505,364 shares of the oil and gas producer’s stock worth $13,316,000 after purchasing an additional 10,404 shares in the last quarter. Linscomb & Williams Inc. lifted its holdings in shares of Enterprise Products Partners by 16.6% in the fourth quarter. Linscomb & Williams Inc. now owns 204,907 shares of the oil and gas producer’s stock worth $5,399,000 after buying an additional 29,112 shares in the last quarter. Natixis Advisors L.P. bought a new position in shares of Enterprise Products Partners during the fourth quarter worth $314,000. Cbre Investment Management Listed Real Assets LLC grew its stake in Enterprise Products Partners by 37.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 881,700 shares of the oil and gas producer’s stock valued at $23,233,000 after acquiring an additional 240,300 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Enterprise Products Partners by 19.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after acquiring an additional 3,770 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.7 %

Shares of EPD opened at $29.62 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average of $29.20 and a 200 day moving average of $28.84. The company has a market cap of $64.32 billion, a PE ratio of 11.62, a P/E/G ratio of 1.49 and a beta of 1.03. Enterprise Products Partners L.P. has a 52-week low of $25.61 and a 52-week high of $30.05.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. Enterprise Products Partners’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.525 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.09%. Enterprise Products Partners’s dividend payout ratio is currently 82.35%.

Analyst Upgrades and Downgrades

Several research firms have commented on EPD. Truist Financial increased their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley cut their price target on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.08.

About Enterprise Products Partners

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.