TCG Advisory Services LLC Has $5.54 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

TCG Advisory Services LLC grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1,175.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,127 shares of the oil and gas producer’s stock after purchasing an additional 193,651 shares during the period. TCG Advisory Services LLC’s holdings in Enterprise Products Partners were worth $5,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EPD. Rational Advisors LLC acquired a new position in Enterprise Products Partners in the 3rd quarter valued at approximately $43,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Enterprise Products Partners in the third quarter valued at $48,000. Community Bank N.A. lifted its position in Enterprise Products Partners by 68.3% in the fourth quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 750 shares during the period. Bear Mountain Capital Inc. acquired a new stake in Enterprise Products Partners during the fourth quarter worth $53,000. Finally, Headinvest LLC bought a new stake in Enterprise Products Partners in the 3rd quarter valued at $62,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EPD shares. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Truist Financial lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays boosted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $32.75.

Enterprise Products Partners Price Performance

Shares of NYSE EPD traded up $0.05 during trading on Friday, reaching $28.10. The company had a trading volume of 3,599,060 shares, compared to its average volume of 5,182,867. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a market cap of $60.93 billion, a PE ratio of 11.02 and a beta of 1.02. The business’s 50 day moving average price is $28.64 and its 200-day moving average price is $27.35. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Analysts expect that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.33%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

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.