Boenning & Scattergood Inc. grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 15.3% in the 1st quarter, HoldingsChannel reports. The fund owned 116,947 shares of the oil and gas producer’s stock after buying an additional 15,529 shares during the period. Enterprise Products Partners makes up about 1.0% of Boenning & Scattergood Inc.’s holdings, making the stock its 19th biggest holding. Boenning & Scattergood Inc.’s holdings in Enterprise Products Partners were worth $3,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in Enterprise Products Partners by 69.8% during the third quarter. Alliancebernstein L.P. now owns 16,415 shares of the oil and gas producer’s stock worth $472,000 after buying an additional 6,750 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in Enterprise Products Partners by 7.2% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 42,260,456 shares of the oil and gas producer’s stock worth $1,214,143,000 after buying an additional 2,841,648 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Enterprise Products Partners by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 564,583 shares of the oil and gas producer’s stock worth $16,221,000 after buying an additional 8,265 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in Enterprise Products Partners during the third quarter worth $396,000. Finally, Cohen & Steers Inc. grew its holdings in Enterprise Products Partners by 4.5% during the third quarter. Cohen & Steers Inc. now owns 2,419,562 shares of the oil and gas producer’s stock worth $69,514,000 after buying an additional 104,026 shares in the last quarter. Hedge funds and other institutional investors own 36.80% of the company’s stock.

Shares of NYSE:EPD traded up $0.29 during midday trading on Monday, reaching $29.15. 1,058,442 shares of the company traded hands, compared to its average volume of 2,907,348. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.85. Enterprise Products Partners L.P. has a 12 month low of $23.33 and a 12 month high of $30.05. The firm has a market cap of $62.88 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 4.90 and a beta of 0.97.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. Enterprise Products Partners had a return on equity of 18.13% and a net margin of 11.42%. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.46 billion. During the same period in the previous year, the company posted $0.36 EPS. Equities analysts predict that Enterprise Products Partners L.P. will post 1.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.00%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s payout ratio is presently 89.69%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, April 11th. Bank of America set a $32.00 price objective on Enterprise Products Partners and gave the stock a “buy” rating in a research report on Tuesday, January 29th. ValuEngine raised Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Evercore ISI assumed coverage on Enterprise Products Partners in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Finally, Goldman Sachs Group raised Enterprise Products Partners from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $32.00 in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners presently has a consensus rating of “Buy” and an average target price of $33.27.

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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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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