Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Applied Capital LLC FL

Applied Capital LLC FL boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 66.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,401 shares of the oil and gas producer’s stock after acquiring an additional 14,549 shares during the quarter. Applied Capital LLC FL’s holdings in Enterprise Products Partners were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in EPD. Burkett Financial Services LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth approximately $28,000. Stephens Consulting LLC acquired a new stake in Enterprise Products Partners during the 1st quarter worth approximately $29,000. Financial Gravity Asset Management Inc. acquired a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $48,000. Community Bank N.A. lifted its position in Enterprise Products Partners by 68.3% during the 4th quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 750 shares during the period. Finally, American National Bank purchased a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $49,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. JPMorgan Chase & Co. cut their target price on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Truist Financial increased their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. Finally, Scotiabank increased their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock remained flat at $28.99 during mid-day trading on Tuesday. The company’s stock had a trading volume of 1,420,017 shares, compared to its average volume of 4,462,136. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a 50-day moving average price of $28.52 and a 200 day moving average price of $27.90. The firm has a market cap of $62.95 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.35 and a beta of 1.04. Enterprise Products Partners L.P. has a one year low of $25.61 and a one year high of $29.99.

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

Enterprise Products Partners Dividend Announcement

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

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.