Curated Wealth Partners LLC Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Curated Wealth Partners LLC increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 66.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,670 shares of the oil and gas producer’s stock after acquiring an additional 11,000 shares during the period. Curated Wealth Partners LLC’s holdings in Enterprise Products Partners were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its holdings in shares of Enterprise Products Partners by 1.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 821,363 shares of the oil and gas producer’s stock valued at $25,758,000 after purchasing an additional 13,209 shares during the period. RFG Advisory LLC boosted its position in Enterprise Products Partners by 199.4% in the fourth quarter. RFG Advisory LLC now owns 20,704 shares of the oil and gas producer’s stock valued at $649,000 after buying an additional 13,788 shares during the last quarter. Silver Lake Advisory LLC increased its holdings in Enterprise Products Partners by 1.4% in the 4th quarter. Silver Lake Advisory LLC now owns 47,524 shares of the oil and gas producer’s stock worth $1,490,000 after buying an additional 672 shares during the period. Cornerstone Wealth Management LLC raised its position in Enterprise Products Partners by 3.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 22,978 shares of the oil and gas producer’s stock worth $721,000 after buying an additional 760 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after acquiring an additional 5,425 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EPD shares. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 price objective on the stock. US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

Enterprise Products Partners Trading Down 0.2 %

Shares of EPD stock opened at $33.59 on Friday. Enterprise Products Partners L.P. has a 1-year low of $26.12 and a 1-year high of $34.63. The company has a market cap of $72.81 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.60 and a beta of 1.09. 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 stock has a 50 day simple moving average of $32.33 and a 200-day simple moving average of $30.36.

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 analysts’ consensus estimates 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 company had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 2.67 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.37%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. Enterprise Products Partners’s payout ratio is presently 78.65%.

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.