Consolidated Portfolio Review Corp Purchases 37,419 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Consolidated Portfolio Review Corp boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 43.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,716 shares of the oil and gas producer's stock after buying an additional 37,419 shares during the quarter. Consolidated Portfolio Review Corp's holdings in Enterprise Products Partners were worth $4,224,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock worth $1,023,000 after buying an additional 5,425 shares during the period. Ieq Capital LLC raised its holdings in shares of Enterprise Products Partners by 80.0% during the fourth quarter. Ieq Capital LLC now owns 44,246 shares of the oil and gas producer's stock valued at $1,388,000 after acquiring an additional 19,667 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its stake in Enterprise Products Partners by 34.0% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 19,712 shares of the oil and gas producer's stock worth $618,000 after acquiring an additional 5,000 shares during the period. Delta Financial Group Inc. bought a new stake in Enterprise Products Partners in the fourth quarter valued at $252,000. Finally, World Equity Group Inc. purchased a new position in Enterprise Products Partners during the 4th quarter valued at $494,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley lifted their price objective on 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. Barclays reduced their target price on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock opened at $30.89 on Tuesday. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $67.00 billion, a P/E ratio of 11.57, a PEG ratio of 1.29 and a beta of 0.65. The stock's 50 day moving average is $31.20 and its 200 day moving average is $32.12.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its 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). The company had revenue of $15.42 billion during the quarter, compared to analysts' expectations 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 revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.93%. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

Enterprise Products Partners 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.

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