Obermeyer Wood Investment Counsel Lllp Purchases 620 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Obermeyer Wood Investment Counsel Lllp boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,154 shares of the oil and gas producer’s stock after acquiring an additional 620 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Enterprise Products Partners were worth $1,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in Enterprise Products Partners during the second quarter valued at about $26,000. Pacific Center for Financial Services bought a new position in Enterprise Products Partners during the first quarter valued at about $27,000. Financial Freedom LLC bought a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $38,000. Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $43,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $48,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Up 0.2 %

NYSE:EPD traded up $0.05 during trading hours on Thursday, hitting $28.44. 3,744,167 shares of the stock were exchanged, compared to its average volume of 4,930,171. The company’s 50 day moving average is $28.27 and its two-hundred day moving average is $27.24. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $61.67 billion, a P/E ratio of 11.29 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is 81.75%.

Wall Street Analysts Forecast Growth

EPD has been the topic of several analyst reports. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Mizuho reiterated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Truist Financial upped their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a research note on Friday, April 5th. Finally, Scotiabank upped their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Company 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.