Tyler Stone Wealth Management Purchases 4,899 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Tyler Stone Wealth Management raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 100.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,757 shares of the oil and gas producer’s stock after acquiring an additional 4,899 shares during the period. Tyler Stone Wealth Management’s holdings in Enterprise Products Partners were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EPD. Hantz Financial Services Inc. bought a new position in Enterprise Products Partners during the second quarter valued at $25,000. Mascoma Wealth Management LLC bought a new position in shares of Enterprise Products Partners in the 2nd quarter valued at about $29,000. DiNuzzo Private Wealth Inc. grew its position in Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,000 shares in the last quarter. Assetmark Inc. increased its stake in Enterprise Products Partners by 19,800.0% during the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock worth $35,000 after acquiring an additional 1,188 shares during the last quarter. Finally, MFA Wealth Advisors LLC purchased a new stake in Enterprise Products Partners during the second quarter valued at approximately $37,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Up 0.5 %

EPD stock opened at $30.57 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Enterprise Products Partners L.P. has a 52 week low of $25.90 and a 52 week high of $30.68. The stock has a market capitalization of $66.34 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.04. The firm has a 50 day moving average of $29.28 and a 200 day moving average of $28.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.39%. Enterprise Products Partners’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders 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 6.87%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s payout ratio is 78.65%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial increased their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Bank of America began coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $34.00.

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.