MSH Capital Advisors LLC Has $1.99 Million Holdings in Enterprise Products Partners L.P. $EPD

MSH Capital Advisors LLC raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 83.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,057 shares of the oil and gas producer’s stock after acquiring an additional 24,594 shares during the quarter. MSH Capital Advisors LLC’s holdings in Enterprise Products Partners were worth $1,987,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Royal Palms Capital LLC purchased a new position in Enterprise Products Partners in the fourth quarter valued at about $1,830,000. Texas Yale Capital Corp. lifted its position in Enterprise Products Partners by 4.9% during the 4th quarter. Texas Yale Capital Corp. now owns 1,905,939 shares of the oil and gas producer’s stock worth $61,104,000 after acquiring an additional 88,475 shares during the last quarter. Oxbow Advisors LLC boosted its holdings in Enterprise Products Partners by 3.0% during the fourth quarter. Oxbow Advisors LLC now owns 1,329,085 shares of the oil and gas producer’s stock valued at $42,610,000 after acquiring an additional 39,052 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Enterprise Products Partners by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,510,036 shares of the oil and gas producer’s stock valued at $144,592,000 after purchasing an additional 327,807 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its position in shares of Enterprise Products Partners by 7.0% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 410,581 shares of the oil and gas producer’s stock valued at $13,163,000 after purchasing an additional 26,752 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EPD. Wall Street Zen raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Truist Financial lifted their price target on Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Morgan Stanley reiterated an “underweight” rating and set a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a report on Tuesday. TD Cowen reissued a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $38.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Enterprise Products Partners Trading Down 1.4%

Enterprise Products Partners stock opened at $38.09 on Thursday. The business has a 50 day moving average price of $37.63 and a two-hundred day moving average price of $37.47. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The stock has a market cap of $82.25 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.29 and a beta of 0.49. Enterprise Products Partners L.P. has a 12 month low of $30.01 and a 12 month high of $40.17.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $18.27 billion for the quarter, compared to analyst estimates of $13.69 billion. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.Enterprise Products Partners’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.98 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.9%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, July 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is 77.78%.

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.