Future Financial Wealth Managment LLC Takes $178,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Future Financial Wealth Managment LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,130 shares of the oil and gas producer’s stock, valued at approximately $178,000.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at $25,000. Stephens Consulting LLC purchased a new stake in shares of Enterprise Products Partners in the 1st quarter valued at $29,000. Palisade Asset Management LLC purchased a new stake in shares of Enterprise Products Partners in the 1st quarter valued at $29,000. Mascoma Wealth Management LLC acquired a new position in shares of Enterprise Products Partners in the 2nd quarter valued at $29,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Enterprise Products Partners in the 2nd quarter valued at $37,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EPD has been the subject of several analyst reports. Truist Financial boosted their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com cut shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $33.50.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $29.19 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. The company has a fifty day moving average of $29.12 and a two-hundred day moving average of $28.96. The stock has a market capitalization of $63.39 billion, a PE ratio of 11.45, a P/E/G ratio of 1.50 and a beta of 1.03. Enterprise Products Partners L.P. has a fifty-two week low of $25.61 and a fifty-two week high of $30.05.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The business’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.72 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is 82.35%.

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.