HWG Holdings LP Has $521,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

HWG Holdings LP increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 128.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,890 shares of the oil and gas producer’s stock after acquiring an additional 10,071 shares during the period. HWG Holdings LP’s holdings in Enterprise Products Partners were worth $521,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EPD. Hantz Financial Services Inc. bought a new stake in shares of Enterprise Products Partners in the second quarter valued at about $25,000. Stephens Consulting LLC acquired a new stake in Enterprise Products Partners in the 1st quarter valued at approximately $29,000. Palisade Asset Management LLC bought a new stake in Enterprise Products Partners in the 1st quarter valued at approximately $29,000. Mascoma Wealth Management LLC acquired a new position in Enterprise Products Partners during the 2nd quarter worth approximately $29,000. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,000 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

EPD has been the subject of several recent research reports. Truist Financial increased their target price 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. Bank of America assumed coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. Royal Bank of Canada lifted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $33.73.

Enterprise Products Partners Stock Performance

EPD opened at $29.15 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Enterprise Products Partners L.P. has a 12-month low of $25.61 and a 12-month high of $30.05. The business has a 50 day moving average of $29.25 and a 200-day moving average of $28.95. The stock has a market cap of $63.30 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.49 and a beta of 1.03.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The business had revenue of $13.48 billion for the quarter, compared to analyst estimates of $14.23 billion. During the same period in the prior year, the business earned $0.57 EPS. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 7.20%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 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.