US Bancorp DE Has $18.94 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

US Bancorp DE grew its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 718,587 shares of the oil and gas producer’s stock after purchasing an additional 9,421 shares during the quarter. US Bancorp DE’s holdings in Enterprise Products Partners were worth $18,935,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its holdings in Enterprise Products Partners by 8.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after buying an additional 371 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in Enterprise Products Partners by 1.9% in the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock valued at $558,000 after acquiring an additional 393 shares during the last quarter. Register Financial Advisors LLC increased its position in Enterprise Products Partners by 2.3% in the fourth 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. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in Enterprise Products Partners by 1.2% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 34,468 shares of the oil and gas producer’s stock worth $943,000 after purchasing an additional 424 shares during the last quarter. Finally, Your Advocates Ltd. LLP lifted its position in Enterprise Products Partners by 1.9% during the 4th quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock valued at $604,000 after purchasing an additional 425 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Barclays increased their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Truist Financial lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada restated an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Finally, Mizuho reiterated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.69.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $28.21 on Friday. The company has a 50 day moving average of $28.82 and a 200-day moving average of $27.52. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The stock has a market capitalization of $61.26 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping 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 company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.82 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.30%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

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.