HFG Advisors Inc. Has $642,000 Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

HFG Advisors Inc. grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 125.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,050 shares of the oil and gas producer’s stock after purchasing an additional 12,250 shares during the quarter. HFG Advisors Inc.’s holdings in Enterprise Products Partners were worth $642,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EPD. Hantz Financial Services Inc. bought a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in Enterprise Products Partners in the first quarter valued at $29,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the first quarter valued at about $29,000. Mascoma Wealth Management LLC bought a new position in shares of Enterprise Products Partners during the 2nd quarter worth about $29,000. Finally, MFA Wealth Advisors LLC bought a new stake in Enterprise Products Partners in the 2nd quarter valued at about $37,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EPD. Bank of America started coverage on shares of Enterprise Products Partners in a research note on Thursday. They issued a “buy” rating and a $35.00 price objective on the stock. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Truist Financial increased their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus price target of $33.73.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded up $0.13 during trading on Thursday, reaching $29.32. 450,039 shares of the stock traded hands, compared to its average volume of 4,291,917. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.68. The stock has a market capitalization of $63.67 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03. Enterprise Products Partners L.P. has a 52-week low of $25.61 and a 52-week high of $30.05. The company has a 50-day moving average of $29.21 and a 200-day moving average of $28.97.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. The business had revenue of $13.48 billion for the quarter, compared to the consensus estimate of $14.23 billion. During the same quarter in the prior year, the business earned $0.57 EPS. Enterprise Products Partners’s revenue for the quarter was up 26.6% compared to the same quarter last year. Analysts forecast that Enterprise Products Partners L.P. will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 82.35%.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.