Founders Capital Management raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 214.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,852 shares of the oil and gas producer’s stock after acquiring an additional 21,730 shares during the period. Enterprise Products Partners makes up approximately 0.5% of Founders Capital Management’s holdings, making the stock its 27th biggest position. Founders Capital Management’s holdings in Enterprise Products Partners were worth $1,021,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in EPD. PMV Capital Advisers LLC bought a new position in Enterprise Products Partners during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new stake in Enterprise Products Partners in the third quarter worth approximately $31,000. Abich Financial Wealth Management LLC bought a new stake in Enterprise Products Partners in the 3rd quarter worth approximately $32,000. Texas Capital Bancshares Inc TX bought a new stake in Enterprise Products Partners in the 3rd quarter worth approximately $32,000. Finally, Financial Consulate Inc. purchased a new stake in Enterprise Products Partners during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on EPD. Jefferies Financial Group increased their price target on Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. Citigroup reissued a “buy” rating and issued a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Raymond James Financial cut Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 target price on the stock. in a research report on Monday, January 5th. Finally, Truist Financial began coverage on Enterprise Products Partners in a research note on Tuesday, March 24th. They set a “hold” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.73.
Insider Activity
In related news, CEO Aj Teague acquired 2,665 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the purchase, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 32.60% of the company’s stock.
Key Stories Impacting Enterprise Products Partners
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Jefferies raised its price target to $40 (maintained Hold), signaling analyst recognition of upside and underlying fundamentals — supportive for the stock. Article Title
- Positive Sentiment: Royal Bank of Canada bumped its target to $42 and set an Outperform rating, the most bullish recent call and a direct catalyst for potential upside. Article Title
- Positive Sentiment: Analyst commentary and recent upgrades (Wells Fargo Overweight; Truist initiation noting balance-sheet strength and distribution coverage) have reinforced investor confidence in EPD’s role in midstream infrastructure. This supports longer-term demand for the stock. Article Title
- Positive Sentiment: Sector momentum: MLP/pipeline names are rallying broadly (Energy Transfer, others at or near highs), which has lifted sentiment for EPD as a high-yield “toll road” play. This macro/peer strength is a constructive backdrop. Article Title
- Neutral Sentiment: Retail/income-focused coverage continues to profile EPD as a long-term high-yield holding (featured in dividend/pipeline stock roundups), which supports steady demand but is less likely to drive sharp near-term moves. Article Title
- Neutral Sentiment: New coverage initiations included a Hold with a $36 target (multiple outlets), signaling some analysts see limited near-term upside from current levels — a mixed signal that can temper rallies. Article Title
- Negative Sentiment: Zacks noted EPD declined while the broader market improved, highlighting that rotation and short-term selling pressure (despite positive analyst actions) are pressuring the share price today. Article Title
Enterprise Products Partners Trading Down 3.2%
Shares of EPD stock opened at $37.83 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. The company has a market cap of $81.78 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.56 and a beta of 0.59. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $39.74. The firm has a fifty day moving average price of $36.18 and a 200-day moving average price of $33.30.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The company had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same period last year, the firm earned $0.74 EPS. Enterprise Products Partners’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.
Enterprise Products Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is presently 82.71%.
Enterprise Products Partners Company Profile
Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.
Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.
See Also
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