Capstone Wealth Management Inc. Acquires Shares of 15,300 Enterprise Products Partners L.P. $EPD

Capstone Wealth Management Inc. acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,300 shares of the oil and gas producer’s stock, valued at approximately $489,000. Enterprise Products Partners accounts for about 0.4% of Capstone Wealth Management Inc.’s holdings, making the stock its 27th biggest position.

Other hedge funds have also recently modified their holdings of the company. PMV Capital Advisers LLC acquired a new position in Enterprise Products Partners in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new stake in Enterprise Products Partners in the 3rd quarter worth approximately $31,000. Texas Capital Bancshares Inc TX acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter worth approximately $32,000. Daytona Street Capital LLC purchased a new position in shares of Enterprise Products Partners during the 4th quarter valued at approximately $42,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in shares of Enterprise Products Partners during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $36.60 on Friday. The company’s fifty day moving average price is $37.90 and its 200 day moving average price is $35.80. Enterprise Products Partners L.P. has a 1 year low of $30.01 and a 1 year high of $40.17. The stock has a market capitalization of $79.12 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.30 and a beta of 0.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is 81.48%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EPD. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Jefferies Financial Group upped their price objective on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, March 31st. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $42.00 in a research note on Wednesday, March 25th. Finally, Barclays raised their target price on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners has an average rating of “Hold” and an average price target of $39.94.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.