Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lifted its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 44.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,485 shares of the oil and gas producer's stock after buying an additional 9,701 shares during the quarter. 180 Wealth Advisors LLC's holdings in Enterprise Products Partners were worth $1,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tidemark LLC increased its stake in Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Enterprise Products Partners during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Enterprise Products Partners during the 4th quarter worth approximately $30,000. National Bank of Canada FI boosted its position in Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 360 shares during the period. Finally, Colonial Trust Co SC grew its stake in shares of Enterprise Products Partners by 44.9% in the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

EPD has been the subject of a number of recent research reports. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Citigroup decreased their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley upped their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Barclays lowered their price target on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.56.

Enterprise Products Partners Stock Up 1.4%

EPD stock traded up $0.44 during midday trading on Tuesday, reaching $31.49. 2,765,606 shares of the company were exchanged, compared to its average volume of 4,391,866. The company has a market cap of $68.29 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The stock's 50-day simple moving average is $31.17 and its 200 day simple moving average is $32.26.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company had revenue of $15.42 billion for 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. Enterprise Products Partners's revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 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.