Insigneo Advisory Services LLC Raises Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Insigneo Advisory Services LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 20.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,647 shares of the oil and gas producer’s stock after buying an additional 2,465 shares during the period. Insigneo Advisory Services LLC’s holdings in Enterprise Products Partners were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in shares of Enterprise Products Partners during the second quarter valued at approximately $25,000. Burkett Financial Services LLC purchased a new stake in Enterprise Products Partners during the fourth quarter worth $28,000. Stephens Consulting LLC bought a new stake in Enterprise Products Partners during the 1st quarter valued at $29,000. Palisade Asset Management LLC bought a new position in shares of Enterprise Products Partners in the 1st quarter worth $29,000. Finally, Mascoma Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter worth $29,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EPD has been the subject of a number of recent research reports. StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Morgan Stanley decreased their target price on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. Finally, Truist Financial lifted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of “Moderate Buy” and a consensus price target of $33.08.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $28.87 on Friday. Enterprise Products Partners L.P. has a 52-week low of $25.61 and a 52-week high of $30.05. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. The stock has a market cap of $62.66 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The business has a 50-day simple moving average of $29.21 and a 200-day simple moving average of $28.92.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. During the same period in the previous year, the business earned $0.57 EPS. Enterprise Products Partners’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a $0.525 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, July 31st. This represents a $2.10 dividend on an annualized basis and a yield of 7.27%. Enterprise Products Partners’s dividend payout ratio is presently 82.35%.

Enterprise Products Partners 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.