Enterprise Products Partners L.P. $EPD Shares Newly Bought by Curated Wealth Partners LLC

Curated Wealth Partners LLC bought a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,670 shares of the oil and gas producer’s stock, valued at approximately $985,000.

A number of other large investors have also made changes to their positions in EPD. Auto Owners Insurance Co increased its position in shares of Enterprise Products Partners by 3,106.0% during the 4th quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock valued at $102,784,000 after purchasing an additional 31,060,000 shares during the last quarter. Energy Income Partners LLC bought a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $508,461,000. Bank of America Corp DE bought a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $416,553,000. BlackRock Inc. purchased a new position in shares of Enterprise Products Partners in the second quarter worth approximately $255,325,000. Finally, Berkley W R Corp purchased a new position in shares of Enterprise Products Partners in the second quarter worth approximately $250,887,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EPD has been the subject of several recent research reports. Wall Street Zen lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. TD Cowen reiterated a “hold” rating and issued a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of Enterprise Products Partners from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Melius Research assumed coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. They set a “hold” rating and a $42.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Enterprise Products Partners in a research report on Thursday, September 10th. They set a “hold” rating and a $40.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.12.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $35.58 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. The stock has a 50-day simple moving average of $37.89 and a two-hundred day simple moving average of $37.83. The firm has a market capitalization of $76.82 billion, a PE ratio of 12.43, a P/E/G ratio of 1.31 and a beta of 0.50. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, topping the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%. The firm had revenue of $18.27 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was up 60.8% compared to the same quarter last year. Analysts forecast that Enterprise Products Partners L.P. will post 3.02 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, October 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.3%. Enterprise Products Partners’s payout ratio is 77.78%.

About Enterprise Products Partners

Enterprise Products Partners L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure in the United States. The company transports, stores, processes and exports oil, natural gas, natural gas liquids (NGLs), refined products and petrochemicals.

Its operations include pipelines, natural gas processing plants, NGL fractionation facilities, underground storage, marine terminals and export infrastructure. Enterprise serves producers, refiners, petrochemical manufacturers, utilities and other energy customers by connecting major producing regions with domestic and international markets.

Enterprise Products Partners was founded in 1968 and is headquartered in Houston, Texas.