Baer Investment Advisory LLC Has $1.50 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Baer Investment Advisory LLC raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 85.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,866 shares of the oil and gas producer's stock after acquiring an additional 20,165 shares during the quarter. Enterprise Products Partners comprises 2.7% of Baer Investment Advisory LLC's portfolio, making the stock its 20th largest position. Baer Investment Advisory LLC's holdings in Enterprise Products Partners were worth $1,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidemark LLC boosted its stake in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Enterprise Products Partners in the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter valued at $30,000. Security National Bank acquired a new stake in Enterprise Products Partners during the 1st quarter worth $30,000. Finally, Alpine Bank Wealth Management acquired a new stake in Enterprise Products Partners during the 1st quarter worth $31,000. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

EPD has been the topic of several research analyst reports. Barclays dropped their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. TD Cowen initiated coverage on shares of Enterprise Products Partners in a research report on Monday, July 7th. They issued a "hold" rating and a $33.00 price objective on the stock. Citigroup cut their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.36.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock traded down $0.27 during trading on Thursday, hitting $31.23. 4,122,050 shares of the stock were exchanged, compared to its average volume of 4,481,071. The stock has a market capitalization of $67.73 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The company has a fifty day moving average price of $31.49 and a 200-day moving average price of $32.10. 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 current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. As a group, equities analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Thursday, July 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 6.98%. 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.