Beaumont Financial Advisors LLC Acquires 350 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Beaumont Financial Advisors LLC increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,612 shares of the oil and gas producer’s stock after purchasing an additional 350 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH increased its holdings in Enterprise Products Partners by 8.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 236,515 shares of the oil and gas producer’s stock worth $7,417,000 after acquiring an additional 18,400 shares during the period. Chesley Taft & Associates LLC grew its holdings in shares of Enterprise Products Partners by 50.8% during the fourth quarter. Chesley Taft & Associates LLC now owns 19,600 shares of the oil and gas producer’s stock worth $615,000 after purchasing an additional 6,600 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $228,000. FLC Capital Advisors lifted its position in Enterprise Products Partners by 4.7% during the fourth quarter. FLC Capital Advisors now owns 117,160 shares of the oil and gas producer’s stock valued at $3,674,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Smart Money Group LLC lifted its holdings in shares of Enterprise Products Partners by 20.1% during the 4th quarter. Smart Money Group LLC now owns 38,890 shares of the oil and gas producer’s stock worth $1,220,000 after acquiring an additional 6,500 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Down 0.8 %

EPD stock opened at $33.81 on Thursday. The business has a 50 day moving average of $32.21 and a 200 day moving average of $30.31. The firm has a market cap of $73.29 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.33%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, January 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 78.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Bank of America started coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective on the stock. Scotiabank assumed coverage on Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 target price for the company. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus price target of $34.60.

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.