XML Financial LLC Grows Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

XML Financial LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 116,750 shares of the oil and gas producer’s stock after buying an additional 4,811 shares during the quarter. XML Financial LLC’s holdings in Enterprise Products Partners were worth $3,076,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Enterprise Products Partners by 20.2% during the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock valued at $1,038,731,000 after buying an additional 6,369,350 shares during the period. Blackstone Inc. increased its holdings in Enterprise Products Partners by 12.0% in the 3rd quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock valued at $633,174,000 after purchasing an additional 2,472,847 shares during the last quarter. American Century Companies Inc. increased its holdings in Enterprise Products Partners by 14.2% in the 3rd quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock valued at $474,367,000 after purchasing an additional 2,155,640 shares during the last quarter. Invesco Ltd. grew its stake in shares of Enterprise Products Partners by 10.5% in the third quarter. Invesco Ltd. now owns 10,164,886 shares of the oil and gas producer’s stock worth $278,213,000 after acquiring an additional 969,199 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Enterprise Products Partners by 2.6% in the third quarter. Deutsche Bank AG now owns 4,884,123 shares of the oil and gas producer’s stock worth $133,678,000 after acquiring an additional 125,450 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded down $0.07 on Friday, reaching $28.35. The company’s stock had a trading volume of 2,994,784 shares, compared to its average volume of 3,345,151. The stock’s 50-day moving average is $28.68 and its two-hundred day moving average is $27.67. Enterprise Products Partners L.P. has a 52-week low of $25.61 and a 52-week high of $29.99. 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 stock has a market capitalization of $61.56 billion, a P/E ratio of 11.12, a PEG ratio of 1.32 and a beta of 1.03.

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

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.27%. Enterprise Products Partners’s payout ratio is currently 80.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EPD. Scotiabank boosted their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 4th. Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company boosted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, Truist Financial boosted their price target on shares of 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 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $32.69.

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.