Cutter & CO Brokerage Inc. Acquires 15,477 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Cutter & CO Brokerage Inc. increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 2.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 684,113 shares of the oil and gas producer's stock after acquiring an additional 15,477 shares during the period. Enterprise Products Partners comprises 5.5% of Cutter & CO Brokerage Inc.'s portfolio, making the stock its 2nd biggest position. Cutter & CO Brokerage Inc.'s holdings in Enterprise Products Partners were worth $23,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC raised its stake in Enterprise Products Partners by 44.9% in 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 raised its position in shares of Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of Enterprise Products Partners by 2.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 14,346 shares of the oil and gas producer's stock worth $450,000 after acquiring an additional 325 shares in the last quarter. Strategic Advisors LLC raised its position in shares of Enterprise Products Partners by 3.5% in the 1st quarter. Strategic Advisors LLC now owns 9,985 shares of the oil and gas producer's stock worth $341,000 after acquiring an additional 337 shares in the last quarter. Finally, Full Sail Capital LLC raised its holdings in Enterprise Products Partners by 3.9% in the fourth quarter. Full Sail Capital LLC now owns 9,081 shares of the oil and gas producer's stock worth $285,000 after purchasing an additional 341 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on EPD shares. TD Cowen began coverage on shares of Enterprise Products Partners in a report on Monday, July 7th. They issued a "hold" rating and a $33.00 target price for the company. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Mizuho set a $38.00 price target on Enterprise Products Partners and gave the stock an "outperform" rating in a research report on Friday, July 11th. Citigroup reduced their target price 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, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.36.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded down $0.20 during midday trading on Thursday, reaching $31.30. The company's stock had a trading volume of 1,455,675 shares, compared to its average volume of 4,478,333. The firm has a market capitalization of $67.89 billion, a PE ratio of 11.72, a P/E/G ratio of 1.33 and a beta of 0.64. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The stock has a fifty day moving average of $31.48 and a 200 day moving average of $32.10. 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 announced its quarterly earnings results 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 company 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%. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities analysts expect 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. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.96%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 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.