Enterprise Products Partners L.P. $EPD Shares Purchased by World Investment Advisors

World Investment Advisors boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 63.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 84,457 shares of the oil and gas producer’s stock after acquiring an additional 32,940 shares during the period. World Investment Advisors’ holdings in Enterprise Products Partners were worth $2,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in Enterprise Products Partners in the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners in the third quarter worth $31,000. Abich Financial Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the third quarter valued at $32,000. Texas Capital Bancshares Inc TX acquired a new position in shares of Enterprise Products Partners during the third quarter valued at $32,000. Finally, Daytona Street Capital LLC acquired a new position in shares of Enterprise Products Partners during the fourth quarter valued at $42,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the subject of several analyst reports. Scotiabank reissued a “sector perform” rating and set a $40.00 price target (up from $39.00) on shares of Enterprise Products Partners in a report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial boosted their price target on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Barclays boosted their price target on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Enterprise Products Partners currently has an average rating of “Hold” and a consensus target price of $39.60.

Insiders Place Their Bets

In other Enterprise Products Partners news, CEO Aj Teague bought 2,665 shares of the stock in a transaction on Friday, March 20th. The shares were bought at an average price of $37.55 per share, with a total value of $100,070.75. Following the purchase, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 32.60% of the stock is currently owned by company insiders.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $39.24 on Friday. The company’s 50-day moving average price is $37.82 and its two-hundred day moving average price is $34.72. The stock has a market cap of $84.82 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. Enterprise Products Partners L.P. has a 52 week low of $30.01 and a 52 week high of $39.74. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 1.03.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.92 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, April 30th. Enterprise Products Partners’s payout ratio is 81.48%.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.