Comerica Securities Inc. boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 39.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 35,608 shares of the oil and gas producer’s stock after buying an additional 9,990 shares during the quarter. Comerica Securities Inc.’s holdings in Enterprise Products Partners were worth $876,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Essex Savings Bank acquired a new position in Enterprise Products Partners in the fourth quarter worth approximately $32,000. Highwater Wealth Management LLC acquired a new position in Enterprise Products Partners in the fourth quarter worth approximately $38,000. Paradigm Asset Management Co. LLC acquired a new position in Enterprise Products Partners in the third quarter worth approximately $49,000. CWM LLC grew its position in Enterprise Products Partners by 74.1% in the fourth quarter. CWM LLC now owns 2,350 shares of the oil and gas producer’s stock worth $58,000 after buying an additional 1,000 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in Enterprise Products Partners in the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 36.81% of the company’s stock.
Several research analysts have issued reports on EPD shares. Bank of America set a $35.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Thursday, November 1st. Evercore ISI started coverage on shares of Enterprise Products Partners in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Citigroup decreased their price target on shares of Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Wells Fargo & Co restated a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, October 31st. Finally, ValuEngine cut shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners presently has an average rating of “Buy” and a consensus target price of $32.61.
Shares of NYSE:EPD opened at $27.75 on Tuesday. The firm has a market cap of $59.54 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 4.76 and a beta of 0.96. Enterprise Products Partners L.P. has a 12-month low of $23.10 and a 12-month high of $30.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.70 and a quick ratio of 0.49.
Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. The company had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.46 billion. Enterprise Products Partners had a net margin of 11.42% and a return on equity of 18.34%. During the same quarter last year, the business posted $0.36 EPS. Equities analysts forecast that Enterprise Products Partners L.P. will post 1.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.435 per share. The ex-dividend date was Wednesday, January 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 6.27%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.43. Enterprise Products Partners’s dividend payout ratio (DPR) is 89.69%.
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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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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