Enterprise Products Partners L.P. $EPD Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 356.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,215 shares of the oil and gas producer’s stock after buying an additional 39,988 shares during the quarter. Vise Technologies Inc.’s holdings in Enterprise Products Partners were worth $1,883,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Auto Owners Insurance Co lifted its stake in Enterprise Products Partners by 3,106.0% in the fourth quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock worth $102,784,000 after acquiring an additional 31,060,000 shares during the last quarter. Energy Income Partners LLC acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at $508,461,000. BlackRock Inc. acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at $255,325,000. Goldman Sachs Group Inc. lifted its position in shares of Enterprise Products Partners by 12.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,163,343 shares of the oil and gas producer’s stock worth $582,317,000 after purchasing an additional 1,940,583 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter worth $67,915,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 0.8%

NYSE:EPD opened at $38.12 on Friday. The company has a market capitalization of $82.32 billion, a PE ratio of 13.24, a P/E/G ratio of 1.27 and a beta of 0.49. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $40.17. The stock’s 50 day moving average price is $37.67 and its 200 day moving average price is $37.51. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.The firm’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 3.01 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a $0.56 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, July 31st. This represents a $2.24 annualized dividend and a yield of 5.9%. Enterprise Products Partners’s payout ratio is currently 77.78%.

Analysts Set New Price Targets

Several equities analysts recently commented on EPD shares. Scotiabank reissued a “sector perform” rating and issued a $40.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Tuesday, May 12th. Wall Street Zen raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Truist Financial increased their price objective on Enterprise Products Partners from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 4th. UBS Group reiterated a “buy” rating and issued a $45.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Finally, Citigroup restated a “buy” rating and set a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.