Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 14.2% during the first quarter, Holdings Channel reports. The firm owned 14,945 shares of the oil and gas producer’s stock after selling 2,464 shares during the quarter. Avior Wealth Management LLC’s holdings in Enterprise Products Partners were worth $510,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora lifted its stake in Enterprise Products Partners by 65.0% during the first quarter. OLD Second National Bank of Aurora now owns 2,640 shares of the oil and gas producer’s stock worth $90,000 after purchasing an additional 1,040 shares in the last quarter. Blue Trust Inc. lifted its stake in Enterprise Products Partners by 4.9% during the first quarter. Blue Trust Inc. now owns 92,507 shares of the oil and gas producer’s stock worth $3,158,000 after purchasing an additional 4,309 shares in the last quarter. GFS Advisors LLC raised its stake in shares of Enterprise Products Partners by 5.0% in the first quarter. GFS Advisors LLC now owns 52,500 shares of the oil and gas producer’s stock valued at $1,792,000 after acquiring an additional 2,500 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Enterprise Products Partners by 14.1% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,817 shares of the oil and gas producer’s stock valued at $778,000 after acquiring an additional 2,820 shares in the last quarter. Finally, United Advisor Group LLC raised its stake in shares of Enterprise Products Partners by 1.6% in the first quarter. United Advisor Group LLC now owns 64,757 shares of the oil and gas producer’s stock valued at $2,211,000 after acquiring an additional 1,003 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on EPD shares. Argus upgraded Enterprise Products Partners to a “strong-buy” rating in a research note on Monday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. JPMorgan Chase & Co. increased their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Barclays reduced their price objective on Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 20th. Finally, Citigroup reduced their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Enterprise Products Partners Stock Up 0.2%

Enterprise Products Partners stock opened at $31.19 on Friday. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64. The stock has a market cap of $67.64 billion, a PE ratio of 11.68, a P/E/G ratio of 1.29 and a beta of 0.65. The stock’s fifty day moving average is $31.19 and its two-hundred day moving average is $32.13.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.86%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s payout ratio is 80.15%.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.