Creekmur Asset Management LLC Invests $82,000 in Enterprise Products Partners L.P. (NYSE:EPD)

Creekmur Asset Management LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,112 shares of the oil and gas producer’s stock, valued at approximately $82,000.

Other large investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its holdings in Enterprise Products Partners by 8.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after acquiring an additional 371 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in Enterprise Products Partners by 1.9% during the 4th quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after acquiring an additional 393 shares in the last quarter. Register Financial Advisors LLC grew its holdings 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 in the last quarter. Eaton Financial Holdings Company LLC grew its holdings in Enterprise Products Partners by 1.2% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 34,738 shares of the oil and gas producer’s stock worth $915,000 after acquiring an additional 420 shares in the last quarter. Finally, Your Advocates Ltd. LLP grew its holdings in Enterprise Products Partners by 1.9% during the 4th quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock worth $604,000 after acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EPD. JPMorgan Chase & Co. decreased their price objective on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Morgan Stanley decreased their price target on shares of 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. Wells Fargo & Company lifted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Truist Financial lifted their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Mizuho reaffirmed a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Price Performance

Shares of EPD stock traded up $0.01 during midday trading on Friday, reaching $28.33. 2,258,711 shares of the company were exchanged, compared to its average volume of 2,950,421. The company’s 50 day moving average price is $28.55 and its two-hundred day moving average price is $27.74. The company has a market cap of $61.52 billion, a P/E ratio of 11.11, a PEG ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.73 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were paid a $0.515 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.27%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

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.