Larson Financial Group LLC Buys 467 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Larson Financial Group LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,299 shares of the oil and gas producer’s stock after acquiring an additional 467 shares during the quarter. Larson Financial Group LLC’s holdings in Enterprise Products Partners were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EPD. RWA Wealth Partners LLC grew its stake in shares of Enterprise Products Partners by 48.3% in the 4th quarter. RWA Wealth Partners LLC now owns 32,235 shares of the oil and gas producer’s stock worth $849,000 after acquiring an additional 10,502 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Enterprise Products Partners by 13.9% in the 4th quarter. Townsend Asset Management Corp NC ADV now owns 17,860 shares of the oil and gas producer’s stock worth $471,000 after buying an additional 2,181 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Enterprise Products Partners by 9.0% in the 4th quarter. Signaturefd LLC now owns 7,684 shares of the oil and gas producer’s stock worth $202,000 after buying an additional 632 shares during the last quarter. WFA Asset Management Corp boosted its holdings in shares of Enterprise Products Partners by 8.6% in the 4th quarter. WFA Asset Management Corp now owns 8,640 shares of the oil and gas producer’s stock worth $228,000 after buying an additional 682 shares during the last quarter. Finally, WP Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 2.1% in the 4th quarter. WP Advisors LLC now owns 313,953 shares of the oil and gas producer’s stock worth $8,273,000 after buying an additional 6,596 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 0.3 %

EPD stock opened at $28.91 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $28.46 and its 200 day moving average is $27.29. The stock has a market cap of $62.67 billion, a price-to-earnings ratio of 11.47 and a beta of 1.02. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $12.43 billion. During the same period in the prior year, the business earned $0.65 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s payout ratio is currently 81.75%.

Analysts Set New Price Targets

EPD has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial upped their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Wells Fargo & Company upped their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. 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. Finally, Scotiabank increased 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. Two equities 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $32.58.

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.