NorthCrest Asset Manangement LLC Has $13.83 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

NorthCrest Asset Manangement LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 475,111 shares of the oil and gas producer’s stock after buying an additional 6,942 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Enterprise Products Partners were worth $13,830,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in Enterprise Products Partners by 19.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after acquiring an additional 3,770 shares in the last quarter. Sanders Morris Harris LLC lifted its stake in Enterprise Products Partners by 28.1% in the 3rd quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer’s stock valued at $20,546,000 after acquiring an additional 154,822 shares in the last quarter. Nwam LLC lifted its stake in Enterprise Products Partners by 25.1% in the 1st quarter. Nwam LLC now owns 20,822 shares of the oil and gas producer’s stock valued at $591,000 after acquiring an additional 4,184 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Enterprise Products Partners by 10.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 48,832 shares of the oil and gas producer’s stock valued at $1,425,000 after acquiring an additional 4,757 shares in the last quarter. Finally, Natixis lifted its stake in Enterprise Products Partners by 144.9% in the 1st quarter. Natixis now owns 74,872 shares of the oil and gas producer’s stock valued at $2,185,000 after acquiring an additional 44,300 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the topic of a number of analyst reports. Truist Financial upped their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Finally, Bank of America began coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $33.73.

Enterprise Products Partners Stock Performance

NYSE EPD traded up $0.02 on Friday, reaching $29.05. The stock had a trading volume of 3,144,915 shares, compared to its average volume of 4,282,064. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68. The firm has a fifty day moving average of $29.25 and a two-hundred day moving average of $28.95. Enterprise Products Partners L.P. has a 1-year low of $25.61 and a 1-year high of $30.05. The company has a market cap of $63.08 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03.

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 the consensus estimate of $0.66 by ($0.02). The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.71 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 82.35%.

About Enterprise Products Partners

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.