Enterprise Products Partners L.P. (NYSE:EPD) is Pin Oak Investment Advisors Inc.’s 5th Largest Position

Pin Oak Investment Advisors Inc. lessened its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,779 shares of the oil and gas producer’s stock after selling 3,009 shares during the quarter. Enterprise Products Partners comprises 4.0% of Pin Oak Investment Advisors Inc.’s portfolio, making the stock its 5th biggest holding. Pin Oak Investment Advisors Inc.’s holdings in Enterprise Products Partners were worth $3,920,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPD. Hazlett Burt & Watson Inc. boosted its holdings in shares of Enterprise Products Partners by 8.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after purchasing an additional 371 shares during the period. Ellsworth Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 1.9% in the 4th quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after purchasing an additional 393 shares during the period. Register Financial Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 2.3% in the 4th quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after purchasing an additional 397 shares during the period. Eaton Financial Holdings Company LLC boosted its holdings in shares of Enterprise Products Partners by 1.2% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 34,738 shares of the oil and gas producer’s stock worth $915,000 after purchasing an additional 420 shares during the period. Finally, Your Advocates Ltd. LLP boosted its holdings in shares of Enterprise Products Partners by 1.9% in the 4th quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock worth $604,000 after purchasing an additional 425 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EPD shares. Wells Fargo & Company raised their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Morgan Stanley decreased their target price on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a research report on Friday, April 5th. Scotiabank lifted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Finally, Truist Financial lifted their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $32.77.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded down $0.11 during trading hours on Tuesday, hitting $28.43. 2,407,060 shares of the stock traded hands, compared to its average volume of 4,663,461. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. The firm’s 50 day moving average price is $28.66 and its 200-day moving average price is $27.69. The stock has a market capitalization of $61.74 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.32 and a beta of 1.03. Enterprise Products Partners L.P. has a 1 year low of $25.61 and a 1 year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, equities analysts expect that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were paid a $0.515 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.25%. Enterprise Products Partners’s payout ratio is 80.78%.

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.