Strategic Wealth Advisors Group LLC decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,746 shares of the oil and gas producer’s stock after selling 3,106 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Enterprise Products Partners were worth $535,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mcmillion Capital Management Inc. acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at $29,000. TCI Wealth Advisors Inc. grew its stake in Enterprise Products Partners by 400.0% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,000 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 800 shares during the period. D Orazio & Associates Inc. acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at $30,000. Centersquare Investment Management LLC acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at $34,000. Finally, TRUE Private Wealth Advisors acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at $41,000. 36.77% of the stock is currently owned by institutional investors and hedge funds.
EPD stock traded down $0.10 during midday trading on Friday, reaching $26.33. The stock had a trading volume of 4,099,607 shares, compared to its average volume of 4,042,235. The company’s fifty day simple moving average is $27.64 and its 200 day simple moving average is $28.61. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. The company has a market cap of $58.34 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.87. Enterprise Products Partners L.P. has a 52-week low of $23.33 and a 52-week high of $30.86.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.4425 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.77 dividend on an annualized basis and a yield of 6.72%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 91.24%.
A number of research firms recently issued reports on EPD. Royal Bank of Canada began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price target on the stock. Scotiabank began coverage on shares of Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price target on the stock. Scotia Howard Weill initiated coverage on shares of Enterprise Products Partners in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Monday, August 26th. Finally, ValuEngine lowered Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Enterprise Products Partners has an average rating of “Buy” and an average price target of $33.50.
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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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