Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Fortem Financial Group LLC

Fortem Financial Group LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,112 shares of the oil and gas producer’s stock after purchasing an additional 2,124 shares during the period. Fortem Financial Group LLC’s holdings in Enterprise Products Partners were worth $913,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EPD. DiNuzzo Private Wealth Inc. lifted its stake in Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 1,000 shares in the last quarter. Assetmark Inc. lifted its position in shares of Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after acquiring an additional 1,188 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Enterprise Products Partners in the third quarter worth approximately $36,000. Truvestments Capital LLC purchased a new stake in shares of Enterprise Products Partners during the third quarter worth approximately $49,000. Finally, Eastern Bank acquired a new position in Enterprise Products Partners in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.2 %

Shares of EPD stock traded up $0.06 during trading hours on Monday, hitting $31.89. The company had a trading volume of 2,962,552 shares, compared to its average volume of 2,983,455. Enterprise Products Partners L.P. has a fifty-two week low of $26.12 and a fifty-two week high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company’s fifty day moving average is $31.40 and its 200 day moving average is $29.97. The stock has a market capitalization of $69.12 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09.

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

Analyst Ratings Changes

EPD has been the topic of a number of recent research reports. Bank of America assumed coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. Truist Financial raised their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.50.

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.