Silver Lake Advisory LLC Raises Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Silver Lake Advisory LLC boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,776 shares of the oil and gas producer’s stock after buying an additional 678 shares during the quarter. Silver Lake Advisory LLC’s holdings in Enterprise Products Partners were worth $1,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Enterprise Products Partners by 89.9% in the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer’s stock valued at $7,630,000 after purchasing an additional 137,044 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Enterprise Products Partners by 8.7% during the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after acquiring an additional 3,075 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in Enterprise Products Partners in the fourth quarter valued at approximately $7,542,000. Sapient Capital LLC purchased a new stake in Enterprise Products Partners in the 4th quarter worth approximately $3,271,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter worth approximately $3,793,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on EPD. Truist Financial raised their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Scotiabank boosted their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Finally, Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Two investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $32.75.

Enterprise Products Partners Trading Up 0.9 %

Enterprise Products Partners stock traded up $0.24 during midday trading on Thursday, hitting $27.98. 1,354,306 shares of the stock were exchanged, compared to its average volume of 4,978,125. Enterprise Products Partners L.P. has a fifty-two week low of $25.19 and a fifty-two week high of $29.99. The stock has a market capitalization of $60.67 billion, a price-to-earnings ratio of 10.92 and a beta of 1.02. The stock’s 50-day simple moving average is $28.63 and its 200 day simple moving average is $27.35. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.67 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.36%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 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.