HWG Holdings LP Has $521,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

HWG Holdings LP raised its position in Enterprise Products Partners L.P. (NYSE:EPD) by 128.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,890 shares of the oil and gas producer’s stock after buying an additional 10,071 shares during the quarter. HWG Holdings LP’s holdings in Enterprise Products Partners were worth $521,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in shares of Enterprise Products Partners in the second quarter valued at about $25,000. Stephens Consulting LLC bought a new stake in Enterprise Products Partners in the 1st quarter valued at about $29,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the 1st quarter worth approximately $29,000. Mascoma Wealth Management LLC bought a new position in shares of Enterprise Products Partners during the second quarter worth approximately $29,000. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EPD. Royal Bank of Canada increased their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial raised their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Finally, Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Enterprise Products Partners currently has an average rating of “Buy” and an average target price of $33.73.

Enterprise Products Partners Trading Up 0.4 %

EPD opened at $29.15 on Friday. The company has a market cap of $63.30 billion, a P/E ratio of 11.39, a PEG ratio of 1.49 and a beta of 1.03. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $29.25 and its 200-day moving average is $28.95. Enterprise Products Partners L.P. has a 1-year low of $25.61 and a 1-year high of $30.05.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 EPS. Equities research analysts predict that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be issued a $0.525 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 7.20%. Enterprise Products Partners’s payout ratio is presently 82.35%.

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.