Bryn Mawr Capital Management LLC Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Bryn Mawr Capital Management LLC boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 5.6% in the 4th quarter, Holdings Channel reports. The fund owned 52,357 shares of the oil and gas producer’s stock after acquiring an additional 2,754 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Enterprise Products Partners were worth $1,380,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rational Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $43,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $48,000. Community Bank N.A. grew its stake in shares of Enterprise Products Partners by 68.3% in the 4th quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock valued at $49,000 after buying an additional 750 shares during the period. Bear Mountain Capital Inc. purchased a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $53,000. Finally, Headinvest LLC purchased a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of EPD opened at $29.06 on Friday. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The firm’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $27.33. The firm has a market capitalization of $63.01 billion, a price-to-earnings ratio of 11.53 and a beta of 1.02. 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 (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. During the same period last year, the business earned $0.65 EPS. Enterprise Products Partners’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.09%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial increased their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Wells Fargo & Company increased their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Scotiabank increased their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $32.58.

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.