VisionPoint Advisory Group LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,596 shares of the oil and gas producer’s stock, valued at approximately $236,000.

Several other large investors have also recently made changes to their positions in EPD. Ffcm LLC boosted its stake in Enterprise Products Partners by 50.0% during the 4th quarter. Ffcm LLC now owns 1,245 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 415 shares during the period. Essex Savings Bank acquired a new stake in Enterprise Products Partners during the 4th quarter worth $32,000. PRW Wealth Management LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $32,000. Murphy Pohlad Asset Management LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $31,000. Finally, Highwater Wealth Management LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth $38,000. 36.85% of the stock is currently owned by institutional investors.

Shares of EPD stock traded down $0.06 during mid-day trading on Friday, hitting $28.15. The stock had a trading volume of 49,720 shares, compared to its average volume of 4,960,688. Enterprise Products Partners L.P. has a fifty-two week low of $23.10 and a fifty-two week high of $30.05. The stock has a market capitalization of $60.96 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 4.91 and a beta of 0.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.85.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Enterprise Products Partners had a net margin of 11.42% and a return on equity of 18.13%. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.46 billion. During the same quarter last year, the business earned $0.36 EPS. Equities analysts forecast that Enterprise Products Partners L.P. will post 1.92 earnings per share for the current fiscal year.

In other news, CEO Aj Teague bought 10,000 shares of Enterprise Products Partners stock in a transaction dated Monday, December 31st. The stock was bought at an average price of $24.36 per share, for a total transaction of $243,600.00. Following the purchase, the chief executive officer now owns 1,654,372 shares of the company’s stock, valued at $40,300,501.92. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 30,000 shares of company stock valued at $733,300 in the last 90 days. Company insiders own 37.50% of the company’s stock.

A number of analysts recently weighed in on the stock. Bank of America set a $32.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Mizuho assumed coverage on shares of Enterprise Products Partners in a research note on Wednesday, November 28th. They set a “buy” rating and a $33.00 price target for the company. ValuEngine upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Citigroup decreased their price target on shares of Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus price target of $32.41.

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Enterprise Products Partners Company 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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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