Curated Wealth Partners LLC Purchases 11,000 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Curated Wealth Partners LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 66.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,670 shares of the oil and gas producer’s stock after purchasing an additional 11,000 shares during the period. Curated Wealth Partners LLC’s holdings in Enterprise Products Partners were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its holdings in Enterprise Products Partners by 1.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 821,363 shares of the oil and gas producer’s stock valued at $25,758,000 after acquiring an additional 13,209 shares during the period. RFG Advisory LLC boosted its stake in shares of Enterprise Products Partners by 199.4% during the fourth quarter. RFG Advisory LLC now owns 20,704 shares of the oil and gas producer’s stock valued at $649,000 after purchasing an additional 13,788 shares during the period. Silver Lake Advisory LLC grew its holdings in shares of Enterprise Products Partners by 1.4% in the fourth quarter. Silver Lake Advisory LLC now owns 47,524 shares of the oil and gas producer’s stock worth $1,490,000 after purchasing an additional 672 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Enterprise Products Partners by 3.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 22,978 shares of the oil and gas producer’s stock worth $721,000 after buying an additional 760 shares during the period. Finally, Brighton Jones LLC grew its stake in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 5,425 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Trading Down 0.2 %

NYSE EPD opened at $33.59 on Friday. The firm has a market cap of $72.81 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09. Enterprise Products Partners L.P. has a 52 week low of $26.12 and a 52 week 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. The company has a 50 day moving average price of $32.33 and a 200 day moving average price of $30.36.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The business had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.67 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 78.65%.

Wall Street Analysts Forecast Growth

EPD has been the subject of several research analyst reports. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America began coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. Scotiabank initiated coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They issued a “sector perform” rating and a $33.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.60.

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.