Capital Investment Advisors LLC lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 7.4% during the first quarter, Holdings Channel reports. The firm owned 557,266 shares of the oil and gas producer’s stock after purchasing an additional 38,379 shares during the quarter. Capital Investment Advisors LLC’s holdings in Enterprise Products Partners were worth $14,383,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Ahrens Investment Partners LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $29,000. Activest Wealth Management raised its position in shares of Enterprise Products Partners by 179.4% during the fourth quarter. Activest Wealth Management now owns 1,394 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 895 shares during the period. PYA Waltman Capital LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $31,000. Godsey & Gibb Associates acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $36,000. Finally, Sandy Cove Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $38,000. 27.29% of the stock is currently owned by institutional investors.
EPD has been the topic of a number of recent analyst reports. Mizuho boosted their target price on Enterprise Products Partners from $30.00 to $32.00 in a research report on Tuesday, May 3rd. Morgan Stanley upped their price target on Enterprise Products Partners from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 26th. TD Securities upped their price target on Enterprise Products Partners from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. StockNews.com assumed coverage on Enterprise Products Partners in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Raymond James upped their price target on Enterprise Products Partners from $26.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Monday, April 18th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.
Enterprise Products Partners (NYSE:EPD – Get Rating) last issued its earnings results on Monday, May 2nd. The oil and gas producer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Enterprise Products Partners had a return on equity of 18.08% and a net margin of 10.28%. The company had revenue of $13.01 billion for the quarter, compared to analyst estimates of $10.47 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was up 42.1% compared to the same quarter last year. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Friday, April 29th were paid a dividend of $0.465 per share. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $1.86 annualized dividend and a dividend yield of 7.72%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 89.42%.
Enterprise Products Partners Company Profile (Get Rating)
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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