Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,635 shares of the oil and gas producer’s stock after buying an additional 1,355 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Enterprise Products Partners were worth $455,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Park Avenue Securities LLC acquired a new stake in shares of Enterprise Products Partners in the first quarter worth $951,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Enterprise Products Partners in the 1st quarter valued at about $510,000. Sovereign Financial Group Inc. boosted its stake in shares of Enterprise Products Partners by 15.1% in the first quarter. Sovereign Financial Group Inc. now owns 10,986 shares of the oil and gas producer’s stock worth $321,000 after buying an additional 1,442 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Enterprise Products Partners by 511.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 68,076 shares of the oil and gas producer’s stock worth $1,986,000 after acquiring an additional 56,938 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Enterprise Products Partners by 3.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 910,198 shares of the oil and gas producer’s stock valued at $26,560,000 after acquiring an additional 28,767 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Trading Up 0.3 %

Shares of NYSE EPD traded up $0.09 during mid-day trading on Thursday, reaching $29.06. 786,741 shares of the company’s stock were exchanged, compared to its average volume of 4,272,323. The firm has a market capitalization of $63.11 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.49 and a beta of 1.03. Enterprise Products Partners L.P. has a 52-week low of $25.61 and a 52-week high of $30.05. The company’s 50-day moving average is $29.25 and its 200-day moving average is $28.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The company had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $14.23 billion. During the same period last year, the firm posted $0.57 earnings per share. Enterprise Products Partners’s revenue was up 26.6% on a year-over-year basis. Analysts expect that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 7.23%. Enterprise Products Partners’s dividend payout ratio is currently 82.35%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EPD. Truist Financial increased their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $33.73.

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.