Barry Investment Advisors LLC Invests $207,000 in Enterprise Products Partners L.P. (NYSE:EPD)

Barry Investment Advisors LLC purchased a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the first quarter, HoldingsChannel.com reports. The fund purchased 7,089 shares of the oil and gas producer’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EPD. Burkett Financial Services LLC bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $28,000. Stephens Consulting LLC bought a new position in Enterprise Products Partners in the 1st quarter valued at approximately $29,000. Financial Gravity Asset Management Inc. bought a new position in Enterprise Products Partners in the 3rd quarter valued at approximately $48,000. Community Bank N.A. lifted its stake in Enterprise Products Partners by 68.3% in the 4th quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock valued at $49,000 after purchasing an additional 750 shares during the last quarter. Finally, American National Bank bought a new position in Enterprise Products Partners in the 4th quarter valued at approximately $49,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.3 %

NYSE EPD traded up $0.08 during mid-day trading on Friday, reaching $28.98. 2,812,626 shares of the stock were exchanged, compared to its average volume of 2,810,585. Enterprise Products Partners L.P. has a one year low of $25.61 and a one year high of $29.99. The stock has a 50 day simple moving average of $28.52 and a 200-day simple moving average of $27.90. The stock has a market cap of $62.93 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.35 and a beta of 1.03. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter last year, the firm earned $0.64 earnings per share. Enterprise Products Partners’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts anticipate that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 80.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EPD. Barclays increased their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Scotiabank increased their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Truist Financial increased their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. cut their price target on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Finally, Mizuho reiterated a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners has an average rating of “Buy” and a consensus target price of $32.77.

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.