Community Bank N.A. Grows Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Community Bank N.A. increased its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 68.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,848 shares of the oil and gas producer’s stock after buying an additional 750 shares during the period. Community Bank N.A.’s holdings in Enterprise Products Partners were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rational Advisors LLC bought a new stake in shares of Enterprise Products Partners in the third quarter worth $43,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Enterprise Products Partners in the 3rd quarter worth $48,000. Bear Mountain Capital Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth $53,000. Headinvest LLC purchased a new position in Enterprise Products Partners during the third quarter valued at $62,000. Finally, Allspring Global Investments Holdings LLC increased its position in Enterprise Products Partners by 31.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,591 shares of the oil and gas producer’s stock worth $68,000 after buying an additional 614 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EPD. Truist Financial boosted their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Mizuho reiterated a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research note on Thursday, April 4th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Wells Fargo & Company lifted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Barclays upped their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded down $0.07 during midday trading on Friday, hitting $28.86. The stock had a trading volume of 814,620 shares, compared to its average volume of 4,885,380. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. Enterprise Products Partners L.P. has a 1 year low of $25.19 and a 1 year high of $29.99. The stock has a 50 day moving average price of $28.55 and a two-hundred day moving average price of $27.32. The company has a market capitalization of $62.58 billion, a PE ratio of 11.48 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, equities analysts predict that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s payout ratio is 81.75%.

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.