Romano Brothers AND Company Acquires 3,864 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Romano Brothers AND Company increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,008 shares of the oil and gas producer’s stock after buying an additional 3,864 shares during the period. Romano Brothers AND Company’s holdings in Enterprise Products Partners were worth $527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairfield Bush & CO. bought a new stake in shares of Enterprise Products Partners during the second quarter worth approximately $26,000. Pacific Center for Financial Services bought a new stake in shares of Enterprise Products Partners during the first quarter worth approximately $27,000. Financial Freedom LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter worth approximately $38,000. Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners during the third quarter worth approximately $43,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners during the third quarter worth approximately $48,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Down 0.6 %

Enterprise Products Partners stock opened at $29.05 on Monday. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a market capitalization of $62.99 billion, a P/E ratio of 11.53 and a beta of 1.02. The stock has a 50-day simple moving average of $28.14 and a 200 day simple moving average of $27.22.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts expect that Enterprise Products Partners L.P. will post 2.62 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 81.75%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Truist Financial upped their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. Finally, Scotiabank upped their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.