Harbour Investments Inc. Has $943,000 Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Harbour Investments Inc. reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,082 shares of the oil and gas producer’s stock after selling 602 shares during the period. Harbour Investments Inc.’s holdings in Enterprise Products Partners were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EPD. Corient Private Wealth LLC lifted its stake in shares of Enterprise Products Partners by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 1,436,308 shares of the oil and gas producer’s stock valued at $45,043,000 after purchasing an additional 29,177 shares during the period. Tidemark LLC increased its holdings in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Natixis Advisors LLC lifted its stake in Enterprise Products Partners by 86.0% in the fourth quarter. Natixis Advisors LLC now owns 26,685 shares of the oil and gas producer’s stock valued at $837,000 after buying an additional 12,336 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Enterprise Products Partners by 11.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,183,574 shares of the oil and gas producer’s stock worth $37,117,000 after buying an additional 119,481 shares during the last quarter. Finally, Balboa Wealth Partners grew its position in shares of Enterprise Products Partners by 42.3% during the 4th quarter. Balboa Wealth Partners now owns 10,691 shares of the oil and gas producer’s stock worth $335,000 after buying an additional 3,178 shares during the period. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, December 18th. Truist Financial boosted their price target 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. Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Finally, Scotiabank increased their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus price target of $35.90.

Enterprise Products Partners Stock Up 0.6 %

NYSE:EPD opened at $33.99 on Thursday. The stock has a 50-day simple moving average of $33.34 and a 200 day simple moving average of $31.49. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The company has a market cap of $73.62 billion, a PE ratio of 12.64, a PEG ratio of 1.37 and a beta of 1.08. 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 (NYSE:EPD) last posted its quarterly earnings data 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. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.30%. Enterprise Products Partners’s payout ratio is 79.55%.

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.