DiNuzzo Private Wealth Inc. Purchases 1,000 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

DiNuzzo Private Wealth Inc. increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1,000.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,100 shares of the oil and gas producer’s stock after purchasing an additional 1,000 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Enterprise Products Partners were worth $32,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EPD. CWM LLC increased its stake in Enterprise Products Partners by 9.9% in the 1st quarter. CWM LLC now owns 47,820 shares of the oil and gas producer’s stock worth $1,395,000 after buying an additional 4,307 shares in the last quarter. American National Bank raised its stake in Enterprise Products Partners by 1,005.2% in the first quarter. American National Bank now owns 20,469 shares of the oil and gas producer’s stock worth $597,000 after buying an additional 18,617 shares in the last quarter. Park Avenue Securities LLC bought a new position in Enterprise Products Partners in the first quarter worth approximately $951,000. Cadent Capital Advisors LLC bought a new position in Enterprise Products Partners in the first quarter worth approximately $223,000. Finally, Sanders Morris Harris LLC grew its holdings in Enterprise Products Partners by 6,126.0% in the first quarter. Sanders Morris Harris LLC now owns 548,888 shares of the oil and gas producer’s stock worth $16,017,000 after purchasing an additional 540,072 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EPD shares. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Truist Financial boosted 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. Royal Bank of Canada boosted their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Bank of America started coverage on shares of Enterprise Products Partners in a report on Thursday. They set a “buy” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Buy” and a consensus price target of $33.73.

Enterprise Products Partners Trading Down 0.2 %

NYSE EPD opened at $29.14 on Friday. The company has a market capitalization of $63.27 billion, a PE ratio of 11.43, a P/E/G ratio of 1.49 and a beta of 1.03. The company has a fifty day moving average of $29.21 and a 200 day moving average of $28.97. Enterprise Products Partners L.P. has a 1 year low of $25.61 and a 1 year high of $30.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The business had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Research analysts forecast that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a $0.525 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.21%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.35%.

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.