Natixis Purchases 44,300 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Natixis grew its position in Enterprise Products Partners L.P. (NYSE:EPD) by 144.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,872 shares of the oil and gas producer’s stock after acquiring an additional 44,300 shares during the quarter. Natixis’ holdings in Enterprise Products Partners were worth $2,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EPD. Kayne Anderson Capital Advisors LP raised its holdings in shares of Enterprise Products Partners by 2.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 11,175,161 shares of the oil and gas producer’s stock worth $326,091,000 after buying an additional 284,772 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Enterprise Products Partners by 2.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,686,444 shares of the oil and gas producer’s stock worth $123,488,000 after buying an additional 109,712 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Enterprise Products Partners by 0.5% in the 4th quarter. Stifel Financial Corp now owns 3,353,572 shares of the oil and gas producer’s stock worth $88,367,000 after buying an additional 16,641 shares in the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of Enterprise Products Partners by 2.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 3,220,815 shares of the oil and gas producer’s stock worth $93,983,000 after buying an additional 69,396 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC raised its holdings in shares of Enterprise Products Partners by 10.0% in the 4th quarter. Longfellow Investment Management Co. LLC now owns 2,521,428 shares of the oil and gas producer’s stock worth $66,440,000 after buying an additional 229,622 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.4 %

EPD traded down $0.13 during mid-day trading on Thursday, reaching $29.57. The stock had a trading volume of 3,510,332 shares, compared to its average volume of 4,382,458. The stock has a market capitalization of $64.21 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. The firm’s fifty day simple moving average is $28.81 and its two-hundred day simple moving average is $28.28. Enterprise Products Partners L.P. has a 52 week low of $25.61 and a 52 week high of $30.05.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. During the same period last year, the company earned $0.64 EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be given a $0.525 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend is Wednesday, July 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 80.78%.

Analysts Set New Price Targets

EPD has been the subject of a number of recent research reports. Scotiabank increased their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Wells Fargo & Company raised their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Mizuho reaffirmed a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 4th. Finally, Truist Financial raised their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and an average price target of $32.77.

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.