Exencial Wealth Advisors LLC Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Exencial Wealth Advisors LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,706 shares of the oil and gas producer’s stock after acquiring an additional 3,960 shares during the period. Exencial Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $3,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPD. Farther Finance Advisors LLC boosted its position in Enterprise Products Partners by 56.1% during the third quarter. Farther Finance Advisors LLC now owns 10,037 shares of the oil and gas producer’s stock valued at $292,000 after buying an additional 3,607 shares during the period. Clear Creek Financial Management LLC boosted its position in Enterprise Products Partners by 11.4% during the third quarter. Clear Creek Financial Management LLC now owns 9,136 shares of the oil and gas producer’s stock valued at $266,000 after buying an additional 936 shares during the period. Janney Montgomery Scott LLC boosted its position in Enterprise Products Partners by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 747,378 shares of the oil and gas producer’s stock valued at $21,756,000 after buying an additional 3,533 shares during the period. Van ECK Associates Corp boosted its position in Enterprise Products Partners by 12.2% during the third quarter. Van ECK Associates Corp now owns 84,939 shares of the oil and gas producer’s stock valued at $2,461,000 after buying an additional 9,209 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in Enterprise Products Partners by 5.8% during the third quarter. Catalyst Capital Advisors LLC now owns 477,341 shares of the oil and gas producer’s stock valued at $13,895,000 after buying an additional 26,136 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPD has been the subject of several analyst reports. Citigroup restated 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. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a report on Wednesday, December 18th. Scotiabank assumed coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They set a “sector perform” rating and a $33.00 target price for the company. Finally, Truist Financial increased their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.70.

Enterprise Products Partners Price Performance

EPD stock opened at $33.36 on Wednesday. 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 market cap of $72.30 billion, a P/E ratio of 12.40, a PEG ratio of 1.37 and a beta of 1.09. The firm has a 50-day moving average of $32.94 and a 200 day moving average of $31.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Enterprise Products Partners’s revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current 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 paid a $0.535 dividend. This is an increase 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 6.42%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners’s dividend payout ratio is presently 79.55%.

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.