1 week Ago By ABMN Staff
Asset Dedication LLC raised its holdings in Enterprise Products Partners L.P. ( NYSE:EPD – Free Report ) by 2.
1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,204 shares of the oil and gas producer’s stock after purchasing an additional 845 shares during the quarter. Asset Dedication LLC’s holdings in Enterprise Products Partners were worth $1,165,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. acquired a new position in shares of Enterprise Products Partners during the second quarter worth about $25,000.
Burkett Financial Services LLC acquired a new position in shares of Enterprise Products Partners during the fourth quarter worth about $28,000. Stephens Consulting LLC acquired a new position in shares of Enterprise Products Partners during the first quarter worth about $29,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the first quarter worth about $29,000.
Finally, Mascoma Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the second quarter worth about $29,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Products Partners Stock Down 0.6 % Shares of NYSE EPD opened at $28.87 on Monday.
Enterprise Products Partners L.P. has a 12-month low of $25.
61 and a 12-month high of $30.05. The company has a market capitalization of $62.
69 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.
03. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.
91 and a quick ratio of 0.68. The firm’s 50-day moving average is $29.
18 and its two-hundred day moving average is $28.78. Enterprise Products Partners Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th.
Investors of record on Wednesday, July 31st were paid a dividend of $0.525 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.
52. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.
10 annualized dividend and a dividend yield of 7.27%. Enterprise Products Partners’s dividend payout ratio is presently 82.
35%. Analysts Set New Price Targets A number of brokerages have recently issued reports on EPD. JPMorgan Chase & Co.
dropped their price target on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th.
Morgan Stanley dropped their price target on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th.
Truist Financial upped their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st.
Finally, StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.08.
Read Our Latest Report on EPD Enterprise Products Partners Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter .
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