Capital Advisors Inc. OK Acquires 99,688 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Capital Advisors Inc. OK boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 297.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,146 shares of the oil and gas producer's stock after purchasing an additional 99,688 shares during the quarter. Capital Advisors Inc. OK's holdings in Enterprise Products Partners were worth $4,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Penserra Capital Management LLC grew its position in Enterprise Products Partners by 6,192.9% during the first quarter. Penserra Capital Management LLC now owns 11,516 shares of the oil and gas producer's stock worth $392,000 after buying an additional 11,333 shares in the last quarter. Tradewinds LLC. grew its holdings in shares of Enterprise Products Partners by 6.3% during the 1st quarter. Tradewinds LLC. now owns 8,551 shares of the oil and gas producer's stock worth $292,000 after purchasing an additional 505 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Enterprise Products Partners in the first quarter worth $201,000. Olistico Wealth LLC raised its stake in Enterprise Products Partners by 18.8% in the first quarter. Olistico Wealth LLC now owns 28,792 shares of the oil and gas producer's stock valued at $983,000 after purchasing an additional 4,550 shares in the last quarter. Finally, Summit Financial Consulting LLC bought a new stake in Enterprise Products Partners during the first quarter worth about $336,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EPD. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Morgan Stanley boosted their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. TD Cowen initiated coverage on Enterprise Products Partners in a report on Monday. They issued a "hold" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. boosted 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. 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. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.20.

Enterprise Products Partners Price Performance

EPD traded down $0.17 on Monday, reaching $31.34. The stock had a trading volume of 2,675,973 shares, compared to its average volume of 4,477,389. The firm has a 50-day moving average of $31.26 and a 200-day moving average of $32.08. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a market capitalization of $67.97 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.64. 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 announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the company posted $0.66 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

About Enterprise Products Partners

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.