Advisor Resource Council Purchases New Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Advisor Resource Council purchased a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 33,256 shares of the oil and gas producer's stock, valued at approximately $1,061,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of Enterprise Products Partners by 14.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 308 shares during the last quarter. Colonial Trust Co SC increased its position in Enterprise Products Partners by 44.9% during the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after buying an additional 314 shares in the last quarter. Tidemark LLC increased its position in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Townsend Asset Management Corp NC ADV grew its holdings in shares of Enterprise Products Partners by 1.6% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 20,018 shares of the oil and gas producer's stock worth $628,000 after buying an additional 321 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Enterprise Products Partners by 2.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,346 shares of the oil and gas producer's stock worth $450,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EPD. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup decreased their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded up $0.07 during mid-day trading on Friday, hitting $31.19. The company had a trading volume of 3,487,717 shares, compared to its average volume of 4,456,187. 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 price-to-earnings ratio of 11.68, a PEG ratio of 1.29 and a beta of 0.65. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The firm's 50 day simple moving average is $31.19 and its two-hundred day simple moving average is $32.13.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.86%. 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.