Signaturefd LLC Buys 632 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Signaturefd LLC grew its position in Enterprise Products Partners L.P. (NYSE:EPD) by 9.0% in the fourth quarter, Holdings Channel reports. The fund owned 7,684 shares of the oil and gas producer’s stock after acquiring an additional 632 shares during the quarter. Signaturefd LLC’s holdings in Enterprise Products Partners were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EPD. WFA Asset Management Corp boosted its stake in shares of Enterprise Products Partners by 8.6% during the fourth quarter. WFA Asset Management Corp now owns 8,640 shares of the oil and gas producer’s stock valued at $228,000 after purchasing an additional 682 shares in the last quarter. WP Advisors LLC grew its holdings in Enterprise Products Partners by 2.1% during the 4th quarter. WP Advisors LLC now owns 313,953 shares of the oil and gas producer’s stock worth $8,273,000 after acquiring an additional 6,596 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Enterprise Products Partners by 11.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 44,075 shares of the oil and gas producer’s stock valued at $1,161,000 after acquiring an additional 4,530 shares during the period. Geneva Partners LLC raised its stake in shares of Enterprise Products Partners by 1.2% during the fourth quarter. Geneva Partners LLC now owns 40,496 shares of the oil and gas producer’s stock valued at $1,067,000 after acquiring an additional 496 shares during the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in shares of Enterprise Products Partners during the fourth quarter worth $201,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $29.06 on Friday. Enterprise Products Partners L.P. has a 1 year low of $25.19 and a 1 year high of $29.99. The firm has a market cap of $63.01 billion, a price-to-earnings ratio of 11.53 and a beta of 1.02. The company has a fifty day moving average price of $28.58 and a 200-day moving average price of $27.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.09%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Wall Street Analyst Weigh In

EPD has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 4th. Barclays increased their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Finally, Truist Financial upped their target price on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Company 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.