A. D. Beadell Investment Counsel Inc. Has $5.03 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

A. D. Beadell Investment Counsel Inc. raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,310 shares of the oil and gas producer’s stock after acquiring an additional 500 shares during the quarter. Enterprise Products Partners comprises 4.1% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 3rd largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Enterprise Products Partners were worth $5,027,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EPD. DiNuzzo Private Wealth Inc. raised its position in shares of Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 1,000 shares during the period. Assetmark Inc. increased its stake in Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 1,188 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Enterprise Products Partners in the third quarter worth $36,000. Bangor Savings Bank boosted its position in shares of Enterprise Products Partners by 558.3% during the fourth quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Enterprise Products Partners in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 0.3 %

Shares of EPD stock traded down $0.10 during trading on Friday, reaching $32.34. The company’s stock had a trading volume of 1,674,661 shares, compared to its average volume of 3,033,599. Enterprise Products Partners L.P. has a one year low of $26.12 and a one year high of $34.63. The business has a fifty day moving average price of $31.65 and a 200-day moving average price of $30.05. The company has a market cap of $70.10 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 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 business had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.535 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.62%. Enterprise Products Partners’s payout ratio is 80.15%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday. Truist Financial raised their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.60.

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.