Briaud Financial Planning Inc Makes New $62,000 Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Briaud Financial Planning Inc acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the oil and gas producer’s stock, valued at approximately $62,000.

A number of other large investors have also recently bought and sold shares of the company. Davis R M Inc. grew its stake in Enterprise Products Partners by 33.3% during the fourth quarter. Davis R M Inc. now owns 15,371 shares of the oil and gas producer’s stock worth $482,000 after buying an additional 3,840 shares in the last quarter. Claris Advisors LLC MO lifted its holdings in shares of Enterprise Products Partners by 1,471.4% in the fourth quarter. Claris Advisors LLC MO now owns 11,000 shares of the oil and gas producer’s stock worth $345,000 after acquiring an additional 10,300 shares during the last quarter. Clare Market Investments LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth about $440,000. Independent Advisor Alliance lifted its holdings in shares of Enterprise Products Partners by 5.5% in the fourth quarter. Independent Advisor Alliance now owns 138,164 shares of the oil and gas producer’s stock worth $4,333,000 after acquiring an additional 7,224 shares during the last quarter. Finally, Meriwether Wealth & Planning LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth about $696,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Up 0.6 %

Enterprise Products Partners stock opened at $33.66 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The firm has a 50 day moving average price of $33.11 and a two-hundred day moving average price of $31.30. The firm has a market cap of $72.89 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.37 and a beta of 1.08.

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

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.535 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.36%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

Analyst Upgrades and Downgrades

EPD has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a report on Wednesday, December 18th. Scotiabank increased their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Finally, Truist Financial raised their price objective on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.90.

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.