Cutter & CO Brokerage Inc. Increases Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Cutter & CO Brokerage Inc. lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 668,636 shares of the oil and gas producer’s stock after purchasing an additional 9,152 shares during the period. Enterprise Products Partners accounts for 5.1% of Cutter & CO Brokerage Inc.’s holdings, making the stock its 3rd biggest position. Cutter & CO Brokerage Inc.’s holdings in Enterprise Products Partners were worth $20,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FourThought Financial Partners LLC raised its stake in Enterprise Products Partners by 18.5% in the 4th quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer’s stock valued at $4,407,000 after acquiring an additional 21,970 shares during the period. IFP Advisors Inc lifted its holdings in Enterprise Products Partners by 14.1% during the 4th quarter. IFP Advisors Inc now owns 105,003 shares of the oil and gas producer’s stock valued at $3,293,000 after purchasing an additional 12,998 shares during the last quarter. J. W. Coons Advisors LLC acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $210,000. Mainstay Capital Management LLC ADV acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $240,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Enterprise Products Partners by 3.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 9,233 shares of the oil and gas producer’s stock valued at $290,000 after purchasing an additional 344 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 1.2 %

EPD stock opened at $33.24 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners L.P. has a fifty-two week low of $27.26 and a fifty-two week high of $34.63. The stock has a market capitalization of $72.04 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.37 and a beta of 1.09. The business’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $31.03.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter last year, the business earned $0.72 earnings per share. Enterprise Products Partners’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.535 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.44%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analyst Weigh In

EPD has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Citigroup reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Wells Fargo & Company downgraded Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Finally, Scotiabank began coverage on Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.70.

Enterprise Products Partners 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.