Burney Co. Purchases 3,186 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Burney Co. increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 25.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,626 shares of the oil and gas producer’s stock after buying an additional 3,186 shares during the quarter. Burney Co.’s holdings in Enterprise Products Partners were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Axxcess Wealth Management LLC grew its position in shares of Enterprise Products Partners by 59.9% in the second quarter. Axxcess Wealth Management LLC now owns 14,871 shares of the oil and gas producer’s stock valued at $431,000 after purchasing an additional 5,571 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Enterprise Products Partners by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 142,512 shares of the oil and gas producer’s stock valued at $4,110,000 after purchasing an additional 12,015 shares during the period. WCG Wealth Advisors LLC grew its holdings in Enterprise Products Partners by 17.1% in the 2nd quarter. WCG Wealth Advisors LLC now owns 32,541 shares of the oil and gas producer’s stock valued at $943,000 after buying an additional 4,751 shares during the last quarter. XTX Topco Ltd bought a new position in Enterprise Products Partners in the 2nd quarter worth approximately $1,373,000. Finally, Brighton Jones LLC lifted its holdings in shares of Enterprise Products Partners by 5.9% during the second quarter. Brighton Jones LLC now owns 27,208 shares of the oil and gas producer’s stock worth $788,000 after buying an additional 1,509 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research note on Wednesday, December 18th. Finally, Bank of America initiated coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price objective for the company. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD opened at $33.60 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The business’s fifty day moving average price is $32.01 and its two-hundred day moving average price is $30.19. Enterprise Products Partners L.P. has a fifty-two week low of $26.12 and a fifty-two week high of $34.63. The stock has a market capitalization of $72.82 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.535 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.37%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s payout ratio is 80.15%.

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.