Koenig Investment Advisory LLC Purchases Shares of 22,931 Enterprise Products Partners L.P. $EPD

Koenig Investment Advisory LLC purchased a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,931 shares of the oil and gas producer’s stock, valued at approximately $735,000. Enterprise Products Partners makes up approximately 0.6% of Koenig Investment Advisory LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Clearwave Capital LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $637,000. MidFirst Bank bought a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $449,000. Monetary Solutions Ltd acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $108,000. Virtu Financial LLC raised its holdings in shares of Enterprise Products Partners by 30.1% in the fourth quarter. Virtu Financial LLC now owns 61,124 shares of the oil and gas producer’s stock valued at $1,960,000 after purchasing an additional 14,155 shares during the last quarter. Finally, MV Capital Management Inc. bought a new stake in shares of Enterprise Products Partners in the fourth quarter worth $470,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPD has been the subject of several recent research reports. Royal Bank Of Canada increased their target price on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $42.00 in a research report on Wednesday, March 25th. The Goldman Sachs Group reissued a “neutral” rating and set a $38.00 price target on shares of Enterprise Products Partners in a research report on Wednesday. Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.94.

Enterprise Products Partners Trading Down 0.0%

NYSE EPD opened at $36.60 on Friday. Enterprise Products Partners L.P. has a 12 month low of $30.01 and a 12 month high of $40.17. 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 stock has a 50 day moving average of $37.87 and a 200-day moving average of $35.81. The company has a market cap of $79.12 billion, a PE ratio of 13.56, a PEG ratio of 1.30 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results 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). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Enterprise Products Partners’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.98 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

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

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.