Capstone Wealth Management Inc. Invests $489,000 in Enterprise Products Partners L.P. $EPD

Capstone Wealth Management Inc. bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,300 shares of the oil and gas producer’s stock, valued at approximately $489,000. Enterprise Products Partners comprises 0.4% of Capstone Wealth Management Inc.’s holdings, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PMV Capital Advisers LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $31,000. Texas Capital Bancshares Inc TX acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $32,000. Daytona Street Capital LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $42,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in Enterprise Products Partners during the fourth quarter worth approximately $45,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EPD. Weiss Ratings raised Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Morgan Stanley reiterated an “underweight” rating and set a $43.00 price target (up from $42.00) on shares of Enterprise Products Partners in a report on Wednesday, May 20th. Wall Street Zen raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. TD Cowen reissued a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a research report on Thursday, April 16th. Finally, Stifel Nicolaus upped their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Hold” and an average target price of $39.94.

Enterprise Products Partners Trading Up 0.2%

Shares of Enterprise Products Partners stock opened at $36.60 on Friday. The firm has a market capitalization of $79.12 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.30 and a beta of 0.49. Enterprise Products Partners L.P. has a fifty-two week low of $30.01 and a fifty-two week high of $40.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91. The stock has a 50 day moving average of $37.90 and a 200 day moving average of $35.80.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The business had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. During the same period last year, the business earned $0.64 EPS. Enterprise Products Partners’s revenue was down 6.7% compared to the same quarter last year. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.0%. Enterprise Products Partners’s dividend payout ratio is currently 81.48%.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.