Enterprise Products Partners L.P. (NYSE:EPD) Position Raised by Schnieders Capital Management LLC

Schnieders Capital Management LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,168 shares of the oil and gas producer’s stock after purchasing an additional 5,715 shares during the period. Schnieders Capital Management LLC’s holdings in Enterprise Products Partners were worth $1,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in Enterprise Products Partners during the fourth quarter valued at about $1,919,000. Cutter & CO Brokerage Inc. lifted its holdings in Enterprise Products Partners by 1.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 668,636 shares of the oil and gas producer’s stock valued at $20,968,000 after acquiring an additional 9,152 shares during the last quarter. FourThought Financial Partners LLC boosted its position in shares of Enterprise Products Partners by 18.5% during the 4th quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer’s stock valued at $4,407,000 after purchasing an additional 21,970 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Enterprise Products Partners by 14.1% in the 4th quarter. IFP Advisors Inc now owns 105,003 shares of the oil and gas producer’s stock worth $3,293,000 after purchasing an additional 12,998 shares during the last quarter. Finally, J. W. Coons Advisors LLC acquired a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $210,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Down 0.6 %

NYSE:EPD opened at $33.09 on Thursday. The business’s fifty day moving average price is $32.76 and its 200 day moving average price is $31.04. The firm has a market capitalization of $71.71 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.37 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 1-year low of $27.26 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.535 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a yield of 6.47%. Enterprise Products Partners’s dividend payout ratio is presently 79.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EPD. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research note on Wednesday, December 18th. Scotiabank started coverage on Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price objective for the company. Truist Financial lifted their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Citigroup reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Finally, Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.70.

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.