Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,154 shares of the oil and gas producer’s stock after purchasing an additional 620 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Enterprise Products Partners were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EPD. Fairfield Bush & CO. acquired a new position in Enterprise Products Partners in the second quarter valued at $26,000. Pacific Center for Financial Services acquired a new position in Enterprise Products Partners in the first quarter valued at $27,000. Financial Freedom LLC purchased a new stake in Enterprise Products Partners during the fourth quarter valued at about $38,000. Rational Advisors LLC purchased a new stake in Enterprise Products Partners during the third quarter valued at about $43,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Enterprise Products Partners during the third quarter valued at about $48,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPD has been the subject of a number of research reports. Truist Financial boosted their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Finally, Barclays upped their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $32.58.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock traded up $0.05 on Thursday, reaching $28.44. 3,744,167 shares of the company were exchanged, compared to its average volume of 4,930,171. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The company’s 50-day moving average is $28.27 and its two-hundred day moving average is $27.24. The firm has a market cap of $61.67 billion, a price-to-earnings ratio of 11.29 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.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.63 earnings per share 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. Investors of record on Tuesday, April 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.75%.

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.