Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD) by 17.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,541 shares of the oil and gas producer’s stock after buying an additional 4,751 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $943,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. JRM Investment Counsel LLC increased its stake in Enterprise Products Partners by 2.1% in the 4th quarter. JRM Investment Counsel LLC now owns 505,364 shares of the oil and gas producer’s stock valued at $13,316,000 after buying an additional 10,404 shares during the period. Linscomb & Williams Inc. grew its stake in shares of Enterprise Products Partners by 16.6% during the 4th quarter. Linscomb & Williams Inc. now owns 204,907 shares of the oil and gas producer’s stock worth $5,399,000 after purchasing an additional 29,112 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Enterprise Products Partners by 37.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 881,700 shares of the oil and gas producer’s stock worth $23,233,000 after purchasing an additional 240,300 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Enterprise Products Partners by 19.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock worth $685,000 after purchasing an additional 3,770 shares during the period. Finally, Platform Technology Partners grew its stake in shares of Enterprise Products Partners by 14.4% during the 4th quarter. Platform Technology Partners now owns 27,245 shares of the oil and gas producer’s stock worth $722,000 after purchasing an additional 3,426 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EPD. Truist Financial upped their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lowered their price target on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Finally, StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, eleven 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 an average rating of “Moderate Buy” and an average target price of $33.08.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $29.38 on Friday. The firm has a market cap of $63.80 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average is $29.22 and its two-hundred day moving average is $28.87. Enterprise Products Partners L.P. has a 12-month low of $25.61 and a 12-month high of $30.05.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. Enterprise Products Partners’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Research analysts expect that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.525 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 7.15%. The ex-dividend date was Wednesday, July 31st. Enterprise Products Partners’s dividend payout ratio is presently 82.35%.

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.