Caprock Group LLC Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Caprock Group LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 22,042 shares of the oil and gas producer’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in Enterprise Products Partners during the 2nd quarter worth $26,000. Pacific Center for Financial Services purchased a new stake in Enterprise Products Partners during the 1st quarter valued at about $27,000. Intrepid Capital Management Inc. purchased a new stake in Enterprise Products Partners during the 2nd quarter valued at about $35,000. Financial Freedom LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at about $38,000. Finally, Rational Advisors LLC purchased a new stake in Enterprise Products Partners during the 3rd quarter valued at about $43,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EPD has been the topic of several research analyst reports. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Barclays boosted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Wells Fargo & Company boosted their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Mizuho boosted their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Truist Financial boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $32.55.

Check Out Our Latest Report on EPD

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $29.18 on Friday. The stock has a market cap of $63.27 billion, a PE ratio of 11.58 and a beta of 1.02. Enterprise Products Partners L.P. has a 52-week low of $25.19 and a 52-week high of $29.26. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $27.66 and a 200-day simple moving average of $27.06.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. Enterprise Products Partners’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.64 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a $0.515 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.06 dividend on an annualized basis and a yield of 7.06%. Enterprise Products Partners’s dividend payout ratio is presently 81.75%.

Enterprise Products Partners Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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