Addison Capital Co Has $1.45 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Addison Capital Co lessened its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 46,315 shares of the oil and gas producer’s stock after selling 1,000 shares during the period. Addison Capital Co’s holdings in Enterprise Products Partners were worth $1,452,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPD. Assetmark Inc. increased its stake in Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 1,188 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of Enterprise Products Partners during the third quarter worth about $240,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Enterprise Products Partners by 11.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 71,474 shares of the oil and gas producer’s stock worth $2,081,000 after acquiring an additional 7,536 shares during the last quarter. Empowered Funds LLC lifted its position in Enterprise Products Partners by 14.1% in the 3rd quarter. Empowered Funds LLC now owns 181,654 shares of the oil and gas producer’s stock valued at $5,288,000 after acquiring an additional 22,506 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in Enterprise Products Partners during the 3rd quarter valued at about $670,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $33.54 on Monday. Enterprise Products Partners L.P. has a 1 year low of $27.37 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. The stock’s fifty day moving average price is $33.23 and its two-hundred day moving average price is $31.41. The firm has a market cap of $72.63 billion, a PE ratio of 12.47, a PEG ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.48% and a net margin of 10.49%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.535 dividend. The ex-dividend date was Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.38%. Enterprise Products Partners’s dividend payout ratio (DPR) is 79.55%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EPD shares. Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wolfe Research lowered shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Scotiabank upped their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a research report on Wednesday, December 18th. Finally, Barclays upped their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.90.

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.