Procyon Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 972.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,313 shares of the oil and gas producer’s stock after buying an additional 74,635 shares during the quarter. Procyon Advisors LLC’s holdings in Enterprise Products Partners were worth $2,639,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in EPD. Cyndeo Wealth Partners LLC increased its holdings in shares of Enterprise Products Partners by 0.8% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 126,956 shares of the oil and gas producer’s stock valued at $4,070,000 after purchasing an additional 965 shares during the period. Magnus Financial Group LLC lifted its holdings in shares of Enterprise Products Partners by 1.0% during the fourth quarter. Magnus Financial Group LLC now owns 60,985 shares of the oil and gas producer’s stock worth $1,955,000 after purchasing an additional 591 shares during the period. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Enterprise Products Partners by 100.0% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 15,026 shares of the oil and gas producer’s stock worth $477,000 after purchasing an additional 7,513 shares during the period. CWA Asset Management Group LLC grew its position in Enterprise Products Partners by 10.7% in the 4th quarter. CWA Asset Management Group LLC now owns 30,496 shares of the oil and gas producer’s stock valued at $978,000 after buying an additional 2,942 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in Enterprise Products Partners in the 4th quarter valued at $213,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
Enterprise Products Partners Stock Performance
NYSE:EPD opened at $37.55 on Monday. The firm’s fifty day simple moving average is $35.33 and its 200-day simple moving average is $32.96. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The stock has a market cap of $81.18 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58. Enterprise Products Partners L.P. has a fifty-two week low of $27.77 and a fifty-two week high of $38.22.
Enterprise Products Partners Increases Dividend
The business also recently declared 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 5.9%. The ex-dividend date was Friday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is 82.71%.
Analyst Upgrades and Downgrades
EPD has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Citigroup reiterated a “buy” rating and set a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Wolfe Research cut shares of Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Wednesday, January 14th. TD Cowen raised their price objective on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Finally, Scotiabank boosted their target price on Enterprise Products Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Hold” and a consensus target price of $37.14.
Check Out Our Latest Report on EPD
Insider Activity at Enterprise Products Partners
In other news, Director John R. Rutherford purchased 15,000 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were acquired at an average price of $32.09 per share, with a total value of $481,350.00. Following the purchase, the director directly owned 173,586 shares of the company’s stock, valued at $5,570,374.74. The trade was a 9.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 32.60% of the stock is owned by company insiders.
Key Enterprise Products Partners News
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Morgan Stanley raised its price target on EPD to $38, signaling institutional confidence and giving investors a nearer-term upside reference. Morgan Stanley Raises Enterprise Products Partners (EPD) Price Target to $38
- Positive Sentiment: Scotiabank raised its target to $39 and public notes (and coverage in other outlets) highlight expectations for higher throughput from U.S. gas and export growth — supportive for midstream cash flows and distributions. Scotiabank Updates Midstream Views, Raises Enterprise Products (EPD) Target
- Positive Sentiment: Bullish retail-oriented pieces (Seeking Alpha and The Motley Fool) list EPD among top buys or long-term holds, emphasizing its distribution yield, scale, and midstream contract structures — coverage that can attract dividend-focused investors. Enterprise Products: My Top 10 Reasons To Buy 2 Stocks I Plan to Hold for the Next 20 Years
- Neutral Sentiment: Short-form market notes report modest intraday moves (both gains and small pullbacks on recent days), indicating active trading but no single market shock—these pieces are informative but not catalytic on their own. Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know Enterprise Products Partners (EPD) Stock Moves -1.33%: What You Should Know
- Neutral Sentiment: A sector-level piece on midstream pipelines frames EPD as a relatively safe income play if oil rises (higher throughput), but it also flags partnership-specific risks (higher interest costs, basin concentration) — a mixed thesis that supports cautious income-oriented buying. The Iran War Means $100 Oil, and These Pipeline Stocks Are the Safest Income Play in Energy Today
Enterprise Products Partners 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.
Recommended Stories
Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD – Free Report).
Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.
