Wealthspire Advisors LLC Has $2.61 Million Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Wealthspire Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,932 shares of the oil and gas producer’s stock after purchasing an additional 2,890 shares during the quarter. Wealthspire Advisors LLC’s holdings in Enterprise Products Partners were worth $2,607,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. grew its position in Enterprise Products Partners by 8.5% during the third quarter. Brown Advisory Inc. now owns 178,696 shares of the oil and gas producer’s stock worth $4,891,000 after buying an additional 13,956 shares in the last quarter. FORVIS Wealth Advisors LLC increased its position in Enterprise Products Partners by 14.3% in the 3rd quarter. FORVIS Wealth Advisors LLC now owns 16,028 shares of the oil and gas producer’s stock valued at $439,000 after acquiring an additional 2,005 shares in the last quarter. Osborne Partners Capital Management LLC bought a new position in shares of Enterprise Products Partners in the third quarter worth about $233,000. Grandview Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the third quarter worth approximately $354,000. Finally, Colorado Capital Management Inc. bought a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $204,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the topic of several research reports. Truist Financial increased their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Mizuho restated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research report on Thursday, April 4th. 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. Finally, Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Buy” and a consensus target price of $32.75.

Enterprise Products Partners Stock Up 0.2 %

Shares of Enterprise Products Partners stock traded up $0.05 on Wednesday, reaching $28.41. 4,547,550 shares of the company were exchanged, compared to its average volume of 4,977,405. The company has a market capitalization of $61.59 billion, a price-to-earnings ratio of 11.14 and a beta of 1.02. Enterprise Products Partners L.P. has a one year low of $25.19 and a one year high of $29.99. The company has a 50-day moving average of $28.68 and a 200 day moving average of $27.36. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.75%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

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.