Paragon Advisors LLC Has $2.54 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Paragon Advisors LLC reduced its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,274 shares of the oil and gas producer's stock after selling 14,996 shares during the quarter. Paragon Advisors LLC's holdings in Enterprise Products Partners were worth $2,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidemark LLC boosted its holdings in shares of 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 in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $30,000. National Bank of Canada FI grew its position in Enterprise Products Partners by 55.4% in the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after buying an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC raised 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 worth $32,000 after buying an additional 314 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

NYSE EPD traded up $0.23 during trading on Tuesday, hitting $31.95. The company's stock had a trading volume of 3,981,777 shares, compared to its average volume of 4,419,666. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The firm has a 50 day moving average price of $30.89 and a 200 day moving average price of $32.24. The firm has a market cap of $69.29 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted 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). The company had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.70%. Enterprise Products Partners's dividend payout ratio is 80.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Scotiabank lifted their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

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.