Geneva Partners LLC Has $1.07 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Geneva Partners LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,496 shares of the oil and gas producer’s stock after acquiring an additional 496 shares during the period. Geneva Partners LLC’s holdings in Enterprise Products Partners were worth $1,067,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in Enterprise Products Partners in the 2nd quarter valued at $26,000. Pacific Center for Financial Services bought a new position in shares of Enterprise Products Partners in the first quarter valued at about $27,000. Financial Freedom LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth about $38,000. Rational Advisors LLC bought a new stake in Enterprise Products Partners during the 3rd quarter worth about $43,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at about $48,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 1.4 %

EPD traded up $0.41 during mid-day trading on Friday, hitting $28.85. The stock had a trading volume of 3,678,034 shares, compared to its average volume of 4,913,711. The stock’s fifty day simple moving average is $28.36 and its 200-day simple moving average is $27.26. The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 11.45 and a beta of 1.02. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EPD shares. Wells Fargo & Company upped their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Barclays increased their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. Scotiabank boosted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. Mizuho reiterated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus price target of $32.58.

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.