Enterprise Products Partners L.P. $EPD Shares Purchased by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 27.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 130,450 shares of the oil and gas producer’s stock after acquiring an additional 27,743 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $4,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EPD. PMV Capital Advisers LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners during the third quarter worth approximately $31,000. Abich Financial Wealth Management LLC purchased a new position in Enterprise Products Partners during the third quarter worth approximately $32,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Enterprise Products Partners in the 3rd quarter valued at $32,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EPD shares. Citigroup reissued a “buy” rating and set a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Truist Financial boosted their price target on Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Wolfe Research upgraded Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of Enterprise Products Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $39.00 price target on shares of Enterprise Products Partners in a report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.67.

Check Out Our Latest Research Report on EPD

Enterprise Products Partners Trading Up 0.4%

NYSE:EPD opened at $38.14 on Friday. The stock has a fifty day simple moving average of $38.14 and a 200 day simple moving average of $35.46. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. Enterprise Products Partners L.P. has a 1-year low of $30.01 and a 1-year high of $40.17. The firm has a market capitalization of $82.44 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion during the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.8%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.48%.

Insider Activity

In other news, CEO Aj Teague purchased 2,665 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the purchase, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. This represents a 3.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.60% of the stock is currently owned by corporate insiders.

About Enterprise Products Partners

(Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

Further Reading

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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