Capital Advisory Group Advisory Services LLC Acquires 629 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Capital Advisory Group Advisory Services LLC grew its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,699 shares of the oil and gas producer’s stock after acquiring an additional 629 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Enterprise Products Partners were worth $649,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in shares of Enterprise Products Partners by 84.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 44,690 shares of the oil and gas producer’s stock valued at $1,301,000 after buying an additional 20,475 shares during the last quarter. Eastern Bank bought a new stake in Enterprise Products Partners in the third quarter valued at approximately $63,000. Symphony Financial Ltd. Co. acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at approximately $201,000. Private Advisor Group LLC raised its holdings in Enterprise Products Partners by 3.8% during the 3rd quarter. Private Advisor Group LLC now owns 377,263 shares of the oil and gas producer’s stock worth $10,982,000 after purchasing an additional 13,890 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Enterprise Products Partners by 2,854.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,287,318 shares of the oil and gas producer’s stock worth $37,474,000 after purchasing an additional 1,243,741 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EPD. Citigroup lifted their price objective on Enterprise Products Partners from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Wells Fargo & Company lowered shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a research note on Wednesday, December 18th. Scotiabank began coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 target price for the company. Finally, Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.70.

Enterprise Products Partners Stock Down 0.3 %

EPD stock opened at $33.54 on Friday. The stock has a market cap of $72.69 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.38 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The stock’s fifty day simple moving average is $32.60 and its two-hundred day simple moving average is $30.89. Enterprise Products Partners L.P. has a 1-year low of $27.26 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.38%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

About Enterprise Products Partners

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.