Northstar Advisory Group LLC Buys 18,789 Shares of Enterprise Products Partners L.P. $EPD

Northstar Advisory Group LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,481 shares of the oil and gas producer’s stock after buying an additional 18,789 shares during the period. Northstar Advisory Group LLC’s holdings in Enterprise Products Partners were worth $1,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PMV Capital Advisers LLC bought a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $31,000. Abich Financial Wealth Management LLC purchased a new stake in Enterprise Products Partners in the third quarter worth $32,000. Texas Capital Bancshares Inc TX bought a new position in Enterprise Products Partners in the third quarter worth $32,000. Finally, Financial Consulate Inc. purchased a new position in Enterprise Products Partners during the third quarter valued at $33,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners News Summary

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: MLP sector rally: Master limited partnerships including Enterprise Products are being bid up as investors chase high yields and defensive “toll-road” cash flows; the Invezz piece highlights broad MLP strength and peer gains that are supporting EPD. Here’s why MLP stocks like Energy Transfer, Enterprise Partners are soaring
• Positive Sentiment: Analyst bullishness: Royal Bank of Canada raised its price target on EPD to $42 and moved to an “outperform” rating — a near-term catalyst that lends upside support to the stock. RBC raises PT to $42 / Outperform
• Positive Sentiment: Institutional reappraisals and presentations: Recent investor attention from presentations (World Chemical Forum) and upgrades — including Wells Fargo’s move to Overweight and coverage initiated by Truist that cited strong balance-sheet metrics and distribution coverage — support confidence in EPD’s resilience. How Investors Are Reacting To Enterprise Products Partners (EPD)
• Neutral Sentiment: Positive long-term narratives: Dividend/fundamental write-ups (Motley Fool pieces) continue to present EPD as a reliable, high-yield “toll road” and long-term dividend holding — supportive for buy-and-hold investors but less likely to move intraday price materially. 3 High-Yield Pipeline Stocks to Buy Now and Hold Forever
• Negative Sentiment: Sell-side caution and downgrades: A Seeking Alpha piece argues the “window of opportunity is closing” for EPD, which can pressure sentiment among tactical traders. Enterprise Products Partners: The Window Of Opportunity Is Closing Fast
• Negative Sentiment: Recent hold/price-target cuts: Coverage notes initiating or lowering to Hold with sub-current price targets (e.g., $36 initiation reported across outlets) weigh on near-term upside and introduce conflicting signals versus the RBC raise. EPD initiated with ‘hold’ rating, $36 PT

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $39.10 on Tuesday. The business has a fifty day moving average price of $36.08 and a 200-day moving average price of $33.26. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. The company has a market capitalization of $84.53 billion, a PE ratio of 14.70, a PEG ratio of 1.57 and a beta of 0.58. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $39.74.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. Enterprise Products Partners’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.6%. Enterprise Products Partners’s dividend payout ratio is currently 82.71%.

Insider Activity at Enterprise Products Partners

In other news, CEO Aj Teague purchased 2,665 shares of Enterprise Products Partners stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the transaction, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EPD. Jefferies Financial Group restated a “hold” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Royal Bank Of Canada lifted their price target on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup reissued a “buy” rating and set a $39.00 price objective (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Truist Financial assumed coverage on shares of Enterprise Products Partners in a report on Tuesday, March 24th. They issued a “hold” rating and a $36.00 price objective on the stock. Finally, TD Cowen lifted their target price on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.33.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.