Choreo LLC Grows Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Choreo LLC lifted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 45.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,863 shares of the oil and gas producer's stock after purchasing an additional 41,962 shares during the quarter. Choreo LLC's holdings in Enterprise Products Partners were worth $4,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Security National Bank purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth $30,000. Alpine Bank Wealth Management purchased a new position in Enterprise Products Partners during the 1st quarter valued at about $31,000. National Bank of Canada FI boosted its holdings in Enterprise Products Partners by 55.4% during 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 acquiring an additional 360 shares during the period. Colonial Trust Co SC boosted its holdings in Enterprise Products Partners by 44.9% during the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 314 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in Enterprise Products Partners during the 4th quarter valued at about $35,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. TD Cowen assumed coverage on Enterprise Products Partners in a research report on Monday, July 7th. They issued a "hold" rating and a $33.00 price target on the stock. Citigroup reduced their price target on 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, Barclays reduced their price target on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners currently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

Enterprise Products Partners Stock Performance

EPD traded down $0.23 during trading on Friday, hitting $31.56. 4,807,000 shares of the stock were exchanged, compared to its average volume of 3,332,589. The firm has a market capitalization of $68.46 billion, a P/E ratio of 11.82, a PEG ratio of 1.82 and a beta of 0.64. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The stock has a fifty day moving average price of $31.45 and a two-hundred day moving average price of $32.09. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98.

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 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.545 per share. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 31st. This represents a $2.18 annualized dividend and a yield of 6.91%. 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.