SRS Capital Advisors Inc. Buys 3,425 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

SRS Capital Advisors Inc. boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,304 shares of the oil and gas producer’s stock after acquiring an additional 3,425 shares during the period. SRS Capital Advisors Inc.’s holdings in Enterprise Products Partners were worth $543,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EPD. Gladstone Institutional Advisory LLC boosted its holdings in Enterprise Products Partners by 4.3% in the third quarter. Gladstone Institutional Advisory LLC now owns 20,436 shares of the oil and gas producer’s stock valued at $595,000 after acquiring an additional 846 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 56.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,037 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 3,607 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Enterprise Products Partners by 4.9% during the 3rd quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer’s stock worth $219,000 after buying an additional 350 shares in the last quarter. Clear Creek Financial Management LLC boosted its holdings in shares of Enterprise Products Partners by 11.4% during the 3rd quarter. Clear Creek Financial Management LLC now owns 9,136 shares of the oil and gas producer’s stock worth $266,000 after buying an additional 936 shares in the last quarter. Finally, Pure Financial Advisors LLC bought a new position in shares of Enterprise Products Partners during the 3rd quarter worth approximately $237,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EPD. Wolfe Research cut Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Scotiabank began coverage on Enterprise Products Partners in a report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price target on the stock. Citigroup restated a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a report on Wednesday, December 18th. Finally, Truist Financial upped their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Four 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.70.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $33.65 on Tuesday. The firm has a market capitalization of $72.94 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.37 and a beta of 1.09. The stock’s 50 day moving average is $32.91 and its 200-day moving average is $31.16. Enterprise Products Partners L.P. has a twelve month low of $27.37 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.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.535 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners’s dividend payout ratio is presently 79.55%.

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.