Enterprise Products Partners L.P. (NYSE:EPD) Holdings Boosted by WP Advisors LLC

WP Advisors LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,549 shares of the oil and gas producer’s stock after buying an additional 8,910 shares during the quarter. Enterprise Products Partners makes up approximately 3.6% of WP Advisors LLC’s portfolio, making the stock its 6th biggest position. WP Advisors LLC’s holdings in Enterprise Products Partners were worth $9,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Paragon Advisors LLC bought a new position in Enterprise Products Partners in the 3rd quarter worth $2,628,000. O Shaughnessy Asset Management LLC increased its position in shares of Enterprise Products Partners by 19.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after buying an additional 3,770 shares during the period. Catalyst Capital Advisors LLC raised its stake in Enterprise Products Partners by 5.8% in the third quarter. Catalyst Capital Advisors LLC now owns 477,341 shares of the oil and gas producer’s stock worth $13,895,000 after buying an additional 26,136 shares in the last quarter. Sanders Morris Harris LLC lifted its holdings in Enterprise Products Partners by 28.1% in the third quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer’s stock worth $20,546,000 after buying an additional 154,822 shares during the period. Finally, Pathway Financial Advisers LLC boosted its position in Enterprise Products Partners by 2,862.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer’s stock valued at $225,777,000 after acquiring an additional 7,494,224 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on EPD shares. US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Truist Financial boosted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Finally, Bank of America assumed coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Price Performance

NYSE EPD opened at $31.09 on Monday. The company has a market cap of $67.39 billion, a PE ratio of 11.64, a P/E/G ratio of 1.60 and a beta of 1.04. The firm’s 50 day moving average price is $29.44 and its 200-day moving average price is $29.07. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.68 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 52-week low of $25.95 and a 52-week high of $31.33.

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

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 6.75%. The ex-dividend date was Thursday, October 31st. 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.