Quantinno Capital Management LP Acquires 52,313 Shares of Enterprise Products Partners L.P. $EPD

Quantinno Capital Management LP raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 60.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,100 shares of the oil and gas producer’s stock after purchasing an additional 52,313 shares during the period. Quantinno Capital Management LP’s holdings in Enterprise Products Partners were worth $5,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Everest Financial Group LLC lifted its holdings in shares of Enterprise Products Partners by 3.6% during the first quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer’s stock valued at $298,000 after purchasing an additional 271 shares in the last quarter. Walker Asset Management LLC increased its holdings in Enterprise Products Partners by 1.5% in the 1st quarter. Walker Asset Management LLC now owns 19,974 shares of the oil and gas producer’s stock worth $756,000 after buying an additional 296 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in Enterprise Products Partners by 3.8% in the 1st quarter. Hunter Associates Investment Management LLC now owns 8,106 shares of the oil and gas producer’s stock worth $307,000 after buying an additional 300 shares in the last quarter. Mission Wealth Management LP raised its position in Enterprise Products Partners by 1.0% in the 4th quarter. Mission Wealth Management LP now owns 32,348 shares of the oil and gas producer’s stock worth $1,037,000 after buying an additional 328 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Enterprise Products Partners by 5.9% during the 4th quarter. Montag A & Associates Inc. now owns 5,880 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 330 shares during the period. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $38.14 on Friday. The stock has a market cap of $82.45 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.35 and a beta of 0.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91. The stock’s fifty day moving average is $37.52 and its 200 day moving average is $37.15. Enterprise Products Partners L.P. has a one year low of $30.01 and a one year high of $40.17.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $18.27 billion during the quarter, compared to analyst estimates of $13.69 billion. Enterprise Products Partners had a return on equity of 20.80% and a net margin of 10.79%.Enterprise Products Partners’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.96 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.56 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, July 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is presently 77.78%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley set a $40.00 target price on Enterprise Products Partners and gave the company an “underweight” rating in a report on Tuesday, July 21st. Truist Financial boosted their price target on Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Stifel Nicolaus upped their price target on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research raised shares of Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Hold” and an average target price of $39.93.

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.