Shoker Investment Counsel Inc. Has $3.84 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Shoker Investment Counsel Inc. decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,027 shares of the oil and gas producer’s stock after selling 2,012 shares during the quarter. Enterprise Products Partners accounts for approximately 1.3% of Shoker Investment Counsel Inc.’s holdings, making the stock its 19th biggest holding. Shoker Investment Counsel Inc.’s holdings in Enterprise Products Partners were worth $3,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. acquired a new stake in Enterprise Products Partners in the 2nd quarter valued at about $25,000. Mascoma Wealth Management LLC bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Enterprise Products Partners by 1,000.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in Enterprise Products Partners in the 2nd quarter worth approximately $37,000. Finally, Denver PWM LLC acquired a new position in Enterprise Products Partners during the 2nd quarter worth $48,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $30.42 on Friday. The firm has a market cap of $66.02 billion, a PE ratio of 11.39, a P/E/G ratio of 1.33 and a beta of 1.04. Enterprise Products Partners L.P. has a 12 month low of $25.88 and a 12 month high of $30.45. The company’s fifty day simple moving average is $29.28 and its 200-day simple moving average is $28.99. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. The company had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 78.65%.

Wall Street Analyst Weigh In

EPD has been the subject of a number of recent research reports. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Truist Financial upped their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America assumed coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Company 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.