Duncker Streett & Co. Inc. Buys 1,792 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Duncker Streett & Co. Inc. boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,652 shares of the oil and gas producer’s stock after acquiring an additional 1,792 shares during the period. Duncker Streett & Co. Inc.’s holdings in Enterprise Products Partners were worth $459,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. US Bancorp DE raised its position in Enterprise Products Partners by 6.6% in the fourth quarter. US Bancorp DE now owns 734,016 shares of the oil and gas producer’s stock worth $23,019,000 after acquiring an additional 45,165 shares during the period. Fisher Asset Management LLC raised its position in Enterprise Products Partners by 50.6% in the fourth quarter. Fisher Asset Management LLC now owns 26,476 shares of the oil and gas producer’s stock worth $830,000 after acquiring an additional 8,900 shares during the period. Sage Investment Counsel LLC bought a new stake in Enterprise Products Partners in the fourth quarter worth about $1,408,000. SVB Wealth LLC bought a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $308,000. Finally, Tufton Capital Management raised its position in shares of Enterprise Products Partners by 0.5% in the fourth quarter. Tufton Capital Management now owns 88,962 shares of the oil and gas producer’s stock valued at $2,790,000 after purchasing an additional 403 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enterprise Products Partners Price Performance

EPD stock opened at $33.41 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners L.P. has a one year low of $27.26 and a one year high of $34.63. The stock has a market cap of $72.41 billion, a PE ratio of 12.42, a P/E/G ratio of 1.37 and a beta of 1.09. The firm has a 50 day simple moving average of $32.85 and a two-hundred day simple moving average of $31.11.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 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 analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.535 dividend. This is a boost 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 dividend yield of 6.41%. Enterprise Products Partners’s dividend payout ratio is 79.55%.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.