Stockman Wealth Management Inc. Has $822,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Stockman Wealth Management Inc. lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,222 shares of the oil and gas producer’s stock after buying an additional 900 shares during the period. Stockman Wealth Management Inc.’s holdings in Enterprise Products Partners were worth $822,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CWM LLC increased its holdings in Enterprise Products Partners by 8.4% during the 3rd quarter. CWM LLC now owns 72,044 shares of the oil and gas producer’s stock valued at $2,097,000 after purchasing an additional 5,590 shares in the last quarter. Fermata Advisors LLC increased its holdings in Enterprise Products Partners by 15.5% during the 3rd quarter. Fermata Advisors LLC now owns 9,914 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 1,330 shares in the last quarter. LongView Wealth Management acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $229,000. Valeo Financial Advisors LLC increased its holdings in Enterprise Products Partners by 5.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 105,033 shares of the oil and gas producer’s stock valued at $3,058,000 after purchasing an additional 5,482 shares in the last quarter. Finally, Lion Street Advisors LLC increased its holdings in Enterprise Products Partners by 5.6% during the 3rd quarter. Lion Street Advisors LLC now owns 11,201 shares of the oil and gas producer’s stock valued at $326,000 after purchasing an additional 596 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Up 0.3 %

NYSE:EPD opened at $32.96 on Friday. Enterprise Products Partners L.P. has a 12-month low of $26.14 and a 12-month high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $71.45 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.54 and a beta of 1.09. The stock’s fifty day simple moving average is $32.50 and its 200-day simple moving average is $30.64.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.87 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.49%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, January 31st. Enterprise Products Partners’s payout ratio is presently 79.55%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial raised their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price target for the company. Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research note on Wednesday, December 18th. Scotiabank initiated coverage on Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Finally, US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Four 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.70.

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.