Enterprise Products Partners L.P. (NYSE:EPD) is Loudon Investment Management LLC’s 4th Largest Position

Loudon Investment Management LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 216,845 shares of the oil and gas producer’s stock after purchasing an additional 4,319 shares during the period. Enterprise Products Partners makes up approximately 3.6% of Loudon Investment Management LLC’s holdings, making the stock its 4th largest holding. Loudon Investment Management LLC’s holdings in Enterprise Products Partners were worth $5,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rational Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the 3rd quarter worth $43,000. Financial Gravity Asset Management Inc. acquired a new stake in Enterprise Products Partners during the third quarter worth about $48,000. Community Bank N.A. raised its stake in Enterprise Products Partners by 68.3% during the fourth quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 750 shares during the period. Bear Mountain Capital Inc. acquired a new position in Enterprise Products Partners in the 4th quarter valued at about $53,000. Finally, Headinvest LLC purchased a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $62,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on EPD. Truist Financial upped their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho reaffirmed a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Barclays raised their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company increased their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Two research 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. According to data from MarketBeat, Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $32.75.

Enterprise Products Partners Stock Up 1.1 %

Shares of NYSE:EPD traded up $0.30 during trading on Thursday, hitting $28.04. The company’s stock had a trading volume of 4,346,472 shares, compared to its average volume of 5,014,134. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99. The business has a 50 day moving average price of $28.63 and a two-hundred day moving average price of $27.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market capitalization of $60.80 billion, a PE ratio of 10.92 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. Enterprise Products Partners’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 EPS. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.67 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a yield of 7.35%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

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.