Kapstone Financial Advisors LLC Purchases New Position in Enterprise Products Partners L.P. (NYSE:EPD)

Kapstone Financial Advisors LLC acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,624 shares of the oil and gas producer’s stock, valued at approximately $223,000.

Other large investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its position in shares of Enterprise Products Partners by 4.3% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 20,436 shares of the oil and gas producer’s stock valued at $595,000 after buying an additional 846 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Enterprise Products Partners by 56.1% in the third quarter. Farther Finance Advisors LLC now owns 10,037 shares of the oil and gas producer’s stock worth $292,000 after acquiring an additional 3,607 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Enterprise Products Partners by 4.9% in the third quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer’s stock worth $219,000 after acquiring an additional 350 shares in the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Enterprise Products Partners by 11.4% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,136 shares of the oil and gas producer’s stock valued at $266,000 after purchasing an additional 936 shares in the last quarter. Finally, Pure Financial Advisors LLC bought a new position in shares of Enterprise Products Partners during the 3rd quarter valued at about $237,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

EPD opened at $33.65 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The business’s 50-day simple moving average is $32.91 and its 200 day simple moving average is $31.16. The firm has a market capitalization of $72.94 billion, a PE ratio of 12.51, a PEG ratio of 1.37 and a beta of 1.09. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is 79.55%.

Analyst Ratings Changes

EPD has been the topic of several research analyst reports. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Truist Financial raised their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Scotiabank started coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Wells Fargo & Company downgraded 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, Citigroup reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Four investment 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 stock. According to data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.70.

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.