Integrated Advisors Network LLC Grows Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Integrated Advisors Network LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD) by 55.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,878 shares of the oil and gas producer’s stock after purchasing an additional 10,994 shares during the period. Integrated Advisors Network LLC’s holdings in Enterprise Products Partners were worth $899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new position in Enterprise Products Partners in the 2nd quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in Enterprise Products Partners in the 1st quarter valued at about $29,000. Mascoma Wealth Management LLC purchased a new position in shares of Enterprise Products Partners during the 2nd quarter worth about $29,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,000 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Enterprise Products Partners during the 2nd quarter worth about $37,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Up 0.5 %

Shares of NYSE:EPD opened at $29.24 on Thursday. 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 52-week low of $25.61 and a 52-week high of $30.05. The company has a 50 day moving average of $29.24 and a two-hundred day moving average of $28.95. The company has a market capitalization of $63.46 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the business earned $0.60 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts forecast that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.15%.

Analyst Upgrades and Downgrades

EPD has been the topic of several recent analyst reports. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday. Bank of America initiated coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Truist Financial increased their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $33.73.

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.