Nations Financial Group Inc. IA ADV Boosts Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Nations Financial Group Inc. IA ADV grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 229,402 shares of the oil and gas producer’s stock after acquiring an additional 1,267 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Enterprise Products Partners were worth $7,194,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Spinnaker Trust purchased a new position in shares of Enterprise Products Partners in the fourth quarter worth $280,000. Sage Advisors LLC increased its stake in shares of Enterprise Products Partners by 1.9% in the fourth quarter. Sage Advisors LLC now owns 186,230 shares of the oil and gas producer’s stock worth $5,840,000 after buying an additional 3,553 shares during the period. Blue Trust Inc. increased its stake in shares of Enterprise Products Partners by 10.7% in the fourth quarter. Blue Trust Inc. now owns 88,198 shares of the oil and gas producer’s stock worth $2,766,000 after buying an additional 8,495 shares during the period. Klingenstein Fields & Co. LP purchased a new position in shares of Enterprise Products Partners in the fourth quarter worth $203,000. Finally, Asset Planning Inc purchased a new position in shares of Enterprise Products Partners in the fourth quarter worth $48,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $33.52 on Friday. The stock has a market cap of $72.65 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.54 and a beta of 1.09. The firm’s 50-day moving average is $32.49 and its 200 day moving average is $30.74. Enterprise Products Partners L.P. has a 1 year low of $26.64 and a 1 year high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business’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 business earned $0.72 EPS. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.87 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.39%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio is currently 79.55%.

Analyst Ratings Changes

EPD has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Scotiabank initiated coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price objective on the stock. US Capital Advisors raised 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 boosted their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.70.

About Enterprise Products Partners

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.