Nwam LLC Acquires Shares of 21,597 Enterprise Products Partners L.P. (NYSE:EPD)

Nwam LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,597 shares of the oil and gas producer’s stock, valued at approximately $629,000.

Other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Enterprise Products Partners by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock worth $685,000 after buying an additional 3,770 shares during the last quarter. Berkley W R Corp boosted its position in Enterprise Products Partners by 24.5% in the 1st quarter. Berkley W R Corp now owns 5,089,794 shares of the oil and gas producer’s stock worth $148,520,000 after purchasing an additional 1,000,000 shares in the last quarter. Ashford Capital Management Inc. grew its stake in shares of Enterprise Products Partners by 50.5% during the 1st quarter. Ashford Capital Management Inc. now owns 99,300 shares of the oil and gas producer’s stock worth $2,898,000 after purchasing an additional 33,300 shares during the period. Progeny 3 Inc. increased its holdings in shares of Enterprise Products Partners by 1.9% during the 1st quarter. Progeny 3 Inc. now owns 1,809,994 shares of the oil and gas producer’s stock valued at $52,816,000 after purchasing an additional 33,350 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Enterprise Products Partners by 1.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 205,140 shares of the oil and gas producer’s stock valued at $5,986,000 after purchasing an additional 2,679 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 1.5 %

Shares of EPD opened at $32.82 on Friday. The stock has a 50 day moving average price of $29.72 and a 200 day moving average price of $29.19. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a market capitalization of $71.14 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.67 and a beta of 1.04. Enterprise Products Partners L.P. has a one year low of $25.96 and a one year high of $32.85.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. Enterprise Products Partners’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date was Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is 78.65%.

Analyst Upgrades and Downgrades

Several analysts recently commented on EPD shares. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Bank of America assumed coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Enterprise Products Partners has a consensus rating of “Buy” and an average target price of $34.00.

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.