LongView Wealth Management Purchases 2,177 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

LongView Wealth Management grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,055 shares of the oil and gas producer’s stock after buying an additional 2,177 shares during the period. LongView Wealth Management’s holdings in Enterprise Products Partners were worth $315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Albert D Mason Inc. grew its position in shares of Enterprise Products Partners by 1.5% during the 4th quarter. Albert D Mason Inc. now owns 39,466 shares of the oil and gas producer’s stock worth $1,238,000 after purchasing an additional 580 shares in the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth $215,000. Walker Asset Management LLC raised its stake in Enterprise Products Partners by 3.6% in the fourth quarter. Walker Asset Management LLC now owns 18,621 shares of the oil and gas producer’s stock valued at $584,000 after purchasing an additional 652 shares in the last quarter. CNB Bank increased its holdings in Enterprise Products Partners by 41.6% in the 4th quarter. CNB Bank now owns 5,041 shares of the oil and gas producer’s stock valued at $158,000 after buying an additional 1,480 shares during the period. Finally, Saxon Interests Inc. raised its position in shares of Enterprise Products Partners by 16.1% in the 4th quarter. Saxon Interests Inc. now owns 17,766 shares of the oil and gas producer’s stock valued at $557,000 after buying an additional 2,458 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EPD has been the topic of several recent analyst reports. 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. Truist Financial raised their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Bank of America started coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Scotiabank began coverage on Enterprise Products Partners in a research report on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

Enterprise Products Partners Stock Down 0.2 %

EPD stock opened at $33.60 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. 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’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $30.19. The company has a market cap of $72.82 billion, a P/E 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 issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.60 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

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

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.