Texas Yale Capital Corp. Grows Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Texas Yale Capital Corp. raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,729,406 shares of the oil and gas producer’s stock after buying an additional 5,394 shares during the period. Enterprise Products Partners comprises approximately 2.2% of Texas Yale Capital Corp.’s investment portfolio, making the stock its 3rd biggest position. Texas Yale Capital Corp. owned approximately 0.08% of Enterprise Products Partners worth $54,234,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont increased its holdings in shares of Enterprise Products Partners by 10.0% in the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer’s stock valued at $104,000 after purchasing an additional 300 shares during the period. Griffin Asset Management Inc. boosted its position in Enterprise Products Partners by 0.8% during the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer’s stock worth $1,203,000 after purchasing an additional 305 shares during the period. Evanson Asset Management LLC grew its stake in Enterprise Products Partners by 0.4% in the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer’s stock valued at $2,304,000 after buying an additional 306 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Enterprise Products Partners by 14.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer’s stock valued at $78,000 after buying an additional 308 shares during the last quarter. Finally, Sandbox Financial Partners LLC grew its position in Enterprise Products Partners by 3.2% in the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer’s stock worth $317,000 after purchasing an additional 309 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Barclays increased their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Finally, Scotiabank lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.89.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $28.91 on Wednesday. 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 52 week low of $27.37 and a 52 week high of $34.63. The company’s 50 day moving average price is $33.15 and its two-hundred day moving average price is $31.86. The company has a market capitalization of $62.61 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same quarter last year, the firm earned $0.72 EPS. Enterprise Products Partners’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 79.55%.

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.