Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Albert D Mason Inc.

Albert D Mason Inc. grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 38,886 shares of the oil and gas producer’s stock after acquiring an additional 1,001 shares during the quarter. Albert D Mason Inc.’s holdings in Enterprise Products Partners were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in shares of Enterprise Products Partners by 3.8% during the third quarter. Private Advisor Group LLC now owns 377,263 shares of the oil and gas producer’s stock worth $10,982,000 after purchasing an additional 13,890 shares during the period. Symphony Financial Ltd. Co. acquired a new position in Enterprise Products Partners during the third quarter valued at $201,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in Enterprise Products Partners by 16.4% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 2,045,599 shares of the oil and gas producer’s stock valued at $59,547,000 after buying an additional 288,420 shares during the period. Eastern Bank acquired a new position in Enterprise Products Partners during the third quarter valued at $63,000. Finally, Magnolia Capital Management Ltd. grew its stake in Enterprise Products Partners by 15.2% in the third quarter. Magnolia Capital Management Ltd. now owns 13,015 shares of the oil and gas producer’s stock valued at $379,000 after purchasing an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the topic of a number of recent research reports. Bank of America started coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $33.73.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $28.95 on Wednesday. The company has a market capitalization of $62.86 billion, a PE ratio of 11.35, a PEG ratio of 1.49 and a beta of 1.03. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $30.05. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The stock’s fifty day simple moving average is $29.24 and its 200 day simple moving average is $28.95.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The firm had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. During the same period in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.71 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.26%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio is 82.35%.

Enterprise Products Partners Company 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.