Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1,389.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,706 shares of the oil and gas producer’s stock after acquiring an additional 32,376 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Enterprise Products Partners were worth $1,010,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norden Group LLC purchased a new stake in Enterprise Products Partners during the 1st quarter valued at approximately $587,000. Private Advisor Group LLC increased its holdings in Enterprise Products Partners by 2.3% in the first quarter. Private Advisor Group LLC now owns 330,597 shares of the oil and gas producer’s stock valued at $9,647,000 after buying an additional 7,305 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Enterprise Products Partners during the 1st quarter worth approximately $350,000. Palisade Asset Management LLC acquired a new stake in shares of Enterprise Products Partners in the 1st quarter worth approximately $29,000. Finally, Moloney Securities Asset Management LLC increased its stake in Enterprise Products Partners by 3.9% in the 1st quarter. Moloney Securities Asset Management LLC now owns 26,769 shares of the oil and gas producer’s stock valued at $781,000 after purchasing an additional 1,016 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on EPD. StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. 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. 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 increased their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Bank of America initiated coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. One 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 MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $34.00.

Enterprise Products Partners Trading Up 0.5 %

Shares of Enterprise Products Partners stock opened at $28.82 on Friday. The firm has a market cap of $62.54 billion, a PE ratio of 10.79, a P/E/G ratio of 1.33 and a beta of 1.03. 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 fifty-two week low of $25.88 and a fifty-two week high of $30.05. The business’s fifty day moving average is $29.22 and its two-hundred day moving average is $28.95.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $13.78 billion during 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%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. Analysts anticipate that Enterprise Products Partners L.P. will post 2.7 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 issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.29%. Enterprise Products Partners’s payout ratio is 78.65%.

Enterprise Products Partners 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.