Haverford Trust Co Acquires 1,000 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Haverford Trust Co raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,359 shares of the oil and gas producer’s stock after purchasing an additional 1,000 shares during the quarter. Haverford Trust Co’s holdings in Enterprise Products Partners were worth $2,165,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of Enterprise Products Partners during the second quarter worth $25,000. Mascoma Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the second quarter worth $29,000. DiNuzzo Private Wealth Inc. raised its position in shares of Enterprise Products Partners by 1,000.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. Assetmark Inc. grew its stake in shares of Enterprise Products Partners by 19,800.0% during the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 1,188 shares during the period. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Enterprise Products Partners during the third quarter worth $36,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EPD shares. Bank of America started coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Truist Financial boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $34.00.

Enterprise Products Partners Stock Down 0.1 %

EPD stock opened at $30.40 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.68. The stock has a market capitalization of $65.88 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.57 and a beta of 1.04. The business has a 50-day moving average of $29.33 and a 200-day moving average of $29.01. Enterprise Products Partners L.P. has a fifty-two week low of $25.95 and a fifty-two week high of $30.68.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 6.91%. Enterprise Products Partners’s payout ratio is presently 78.65%.

Enterprise Products Partners Company Profile

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.