Enterprise Products Partners L.P. (NYSE:EPD) Position Raised by Loudon Investment Management LLC

Loudon Investment Management LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 218,971 shares of the oil and gas producer's stock after purchasing an additional 8,855 shares during the period. Enterprise Products Partners comprises approximately 4.3% of Loudon Investment Management LLC's holdings, making the stock its 2nd biggest position. Loudon Investment Management LLC's holdings in Enterprise Products Partners were worth $7,476,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Diversified Trust Co raised its stake in Enterprise Products Partners by 13.7% during the 1st quarter. Diversified Trust Co now owns 15,122 shares of the oil and gas producer's stock worth $516,000 after acquiring an additional 1,821 shares during the period. Trek Financial LLC bought a new stake in Enterprise Products Partners during the 4th quarter worth approximately $3,405,000. Cerity Partners LLC raised its stake in Enterprise Products Partners by 18.9% during the 4th quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer's stock worth $14,661,000 after acquiring an additional 74,710 shares during the period. Fiducient Advisors LLC raised its stake in Enterprise Products Partners by 37.3% during the 4th quarter. Fiducient Advisors LLC now owns 77,413 shares of the oil and gas producer's stock worth $2,428,000 after acquiring an additional 21,025 shares during the period. Finally, OneAscent Financial Services LLC bought a new stake in Enterprise Products Partners during the 4th quarter worth approximately $332,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 0.5%

NYSE EPD traded up $0.17 on Wednesday, hitting $31.50. 3,378,584 shares of the stock were exchanged, compared to its average volume of 4,465,625. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The stock has a fifty day moving average price of $31.50 and a two-hundred day moving average price of $32.11. The firm has a market capitalization of $68.31 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business 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 firm's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a $0.545 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a yield of 6.92%. Enterprise Products Partners's payout ratio is currently 81.65%.

Analyst Upgrades and Downgrades

A number of research firms have commented on EPD. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup reduced their price objective on shares of 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. Barclays reduced their price objective on shares of 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. TD Cowen started coverage on shares of Enterprise Products Partners in a research report on Monday, July 7th. They set a "hold" rating and a $33.00 price objective on the stock. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 price target 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 given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners currently has an average rating of "Moderate Buy" and an average target price of $36.36.

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.