Compass Ion Advisors LLC Takes $205,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Compass Ion Advisors LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,523 shares of the oil and gas producer’s stock, valued at approximately $205,000.

A number of other hedge funds also recently added to or reduced their stakes in EPD. Enhancing Capital LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $281,000. Generali Asset Management SPA SGR purchased a new stake in Enterprise Products Partners during the 4th quarter worth about $122,000. Evoke Wealth LLC acquired a new stake in Enterprise Products Partners in the 4th quarter valued at about $226,000. Advisors Asset Management Inc. boosted its stake in shares of Enterprise Products Partners by 48.5% in the 4th quarter. Advisors Asset Management Inc. now owns 123,069 shares of the oil and gas producer’s stock valued at $3,859,000 after buying an additional 40,198 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in shares of Enterprise Products Partners by 2.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,346 shares of the oil and gas producer’s stock worth $450,000 after buying an additional 325 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Citigroup reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Finally, Morgan Stanley increased their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus target price of $35.90.

Enterprise Products Partners Stock Up 0.6 %

Enterprise Products Partners stock opened at $33.99 on Thursday. The stock has a 50-day simple moving average of $33.34 and a 200-day simple moving average of $31.49. The company has a market capitalization of $73.62 billion, a P/E ratio of 12.64, a PEG ratio of 1.37 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.535 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.30%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

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.