TABR Capital Management LLC acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,950 shares of the oil and gas producer’s stock, valued at approximately $1,569,000.
A number of other hedge funds have also recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners in the 3rd quarter worth about $31,000. Texas Capital Bancshares Inc TX acquired a new position in Enterprise Products Partners in the 3rd quarter worth about $32,000. Abich Financial Wealth Management LLC bought a new position in Enterprise Products Partners in the third quarter valued at about $32,000. Finally, Financial Consulate Inc. bought a new position in Enterprise Products Partners in the third quarter valued at about $33,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on EPD shares. Jefferies Financial Group restated a “hold” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Scotiabank raised their price objective on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, March 17th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. upped their price target on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of “Hold” and an average target price of $37.14.
Enterprise Products Partners Trading Up 0.3%
Shares of EPD stock opened at $37.55 on Monday. Enterprise Products Partners L.P. has a 1-year low of $27.77 and a 1-year high of $38.22. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. The stock has a market cap of $81.18 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.50 and a beta of 0.58. The stock has a 50-day moving average of $35.33 and a 200-day moving average of $32.96.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The company had revenue of $13.79 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.
Enterprise Products Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.55 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, January 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is presently 82.71%.
Insider Activity
In other news, Director John R. Rutherford acquired 15,000 shares of Enterprise Products Partners stock in a transaction dated Monday, December 29th. The shares were bought at an average cost of $32.09 per share, with a total value of $481,350.00. Following the purchase, the director owned 173,586 shares in the company, valued at $5,570,374.74. This trade represents a 9.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 32.60% of the company’s stock.
Enterprise Products Partners News Roundup
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Morgan Stanley raised its price target on EPD to $38, signaling institutional confidence and giving investors a nearer-term upside reference. Morgan Stanley Raises Enterprise Products Partners (EPD) Price Target to $38
- Positive Sentiment: Scotiabank raised its target to $39 and public notes (and coverage in other outlets) highlight expectations for higher throughput from U.S. gas and export growth — supportive for midstream cash flows and distributions. Scotiabank Updates Midstream Views, Raises Enterprise Products (EPD) Target
- Positive Sentiment: Bullish retail-oriented pieces (Seeking Alpha and The Motley Fool) list EPD among top buys or long-term holds, emphasizing its distribution yield, scale, and midstream contract structures — coverage that can attract dividend-focused investors. Enterprise Products: My Top 10 Reasons To Buy 2 Stocks I Plan to Hold for the Next 20 Years
- Neutral Sentiment: Short-form market notes report modest intraday moves (both gains and small pullbacks on recent days), indicating active trading but no single market shock—these pieces are informative but not catalytic on their own. Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know Enterprise Products Partners (EPD) Stock Moves -1.33%: What You Should Know
- Neutral Sentiment: A sector-level piece on midstream pipelines frames EPD as a relatively safe income play if oil rises (higher throughput), but it also flags partnership-specific risks (higher interest costs, basin concentration) — a mixed thesis that supports cautious income-oriented buying. The Iran War Means $100 Oil, and These Pipeline Stocks Are the Safest Income Play in Energy Today
About Enterprise Products Partners
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.
See Also
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