Mcguire Capital Advisors Inc. Takes $1.58 Million Position in Enterprise Products Partners L.P. $EPD

Mcguire Capital Advisors Inc. acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 49,437 shares of the oil and gas producer’s stock, valued at approximately $1,585,000. Enterprise Products Partners makes up 1.0% of Mcguire Capital Advisors Inc.’s holdings, making the stock its 24th biggest holding.

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

Analyst Ratings Changes

Several research firms have weighed in on EPD. Stifel Nicolaus boosted their target price on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup restated a “buy” rating and set a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. UBS Group reaffirmed a “buy” rating and issued a $45.00 target price on shares of Enterprise Products Partners in a research report on Wednesday. Jefferies Financial Group increased their price target 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. Finally, Weiss Ratings upgraded shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of “Hold” and a consensus price target of $39.94.

Enterprise Products Partners Trading Up 0.2%

Shares of NYSE:EPD opened at $36.60 on Friday. Enterprise Products Partners L.P. has a 52 week low of $30.01 and a 52 week high of $40.17. The company’s 50 day moving average is $37.90 and its two-hundred day moving average is $35.80. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. The company has a market cap of $79.12 billion, a PE ratio of 13.56, a P/E/G ratio of 1.30 and a beta of 0.49.

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

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders 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 of this dividend was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is currently 81.48%.

About Enterprise Products Partners

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.