Certified Advisory Corp Buys 25,245 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Certified Advisory Corp grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 109.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,322 shares of the oil and gas producer’s stock after acquiring an additional 25,245 shares during the period. Certified Advisory Corp’s holdings in Enterprise Products Partners were worth $1,515,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in shares of Enterprise Products Partners by 1.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 63,938 shares of the oil and gas producer’s stock valued at $1,853,000 after acquiring an additional 611 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $424,000. Axxcess Wealth Management LLC raised its position in shares of Enterprise Products Partners by 59.9% in the second quarter. Axxcess Wealth Management LLC now owns 14,871 shares of the oil and gas producer’s stock valued at $431,000 after buying an additional 5,571 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Enterprise Products Partners by 0.4% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 219,755 shares of the oil and gas producer’s stock valued at $6,368,000 after buying an additional 924 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Enterprise Products Partners by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 142,512 shares of the oil and gas producer’s stock worth $4,110,000 after buying an additional 12,015 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $33.69 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $31.94 and a two-hundred day simple moving average of $30.17. Enterprise Products Partners L.P. has a 12 month low of $26.12 and a 12 month high of $34.63. The firm has a market capitalization of $73.01 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. Analysts forecast that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.535 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.35%. Enterprise Products Partners’s payout ratio is presently 78.65%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EPD shares. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th. US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Truist Financial boosted their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Wolfe Research cut Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Finally, Bank of America started coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

About Enterprise Products Partners

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.