180 Wealth Advisors LLC Acquires 13,561 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

180 Wealth Advisors LLC grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 164.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,784 shares of the oil and gas producer’s stock after acquiring an additional 13,561 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thoroughbred Financial Services LLC bought a new stake in Enterprise Products Partners during the second quarter valued at approximately $439,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Enterprise Products Partners by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 63,938 shares of the oil and gas producer’s stock worth $1,853,000 after buying an additional 611 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at $424,000. Moors & Cabot Inc. lifted its holdings in shares of Enterprise Products Partners by 2.0% during the 2nd quarter. Moors & Cabot Inc. now owns 390,379 shares of the oil and gas producer’s stock worth $11,313,000 after acquiring an additional 7,723 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in Enterprise Products Partners by 6.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 169,918 shares of the oil and gas producer’s stock worth $4,924,000 after acquiring an additional 10,265 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EPD shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Scotiabank began coverage on Enterprise Products Partners in a research report on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Truist Financial lifted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. 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 objective for the company. in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average target price of $34.60.

Enterprise Products Partners Trading Up 2.7 %

Shares of EPD opened at $33.43 on Wednesday. The stock has a market capitalization of $72.46 billion, a P/E ratio of 12.52, a PEG ratio of 1.66 and a beta of 1.09. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $31.87 and a two-hundred day simple moving average of $30.15.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results 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). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. Enterprise Products Partners’s payout ratio is 80.15%.

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.