Enterprise Products Partners L.P. (NYSE:EPD) is Loudon Investment Management LLC's 2nd Largest Position

Loudon Investment Management LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,971 shares of the oil and gas producer's stock after purchasing an additional 8,855 shares during the quarter. Enterprise Products Partners accounts for 4.3% of Loudon Investment Management LLC's investment portfolio, making the stock its 2nd biggest position. Loudon Investment Management LLC's holdings in Enterprise Products Partners were worth $7,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Diversified Trust Co raised its stake in Enterprise Products Partners by 13.7% during the first quarter. Diversified Trust Co now owns 15,122 shares of the oil and gas producer's stock valued at $516,000 after buying an additional 1,821 shares in the last quarter. Trek Financial LLC acquired a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $3,405,000. Cerity Partners LLC raised its stake in Enterprise Products Partners by 18.9% during the fourth quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer's stock valued at $14,661,000 after buying an additional 74,710 shares in the last quarter. Fiducient Advisors LLC raised its stake in Enterprise Products Partners by 37.3% during the fourth quarter. Fiducient Advisors LLC now owns 77,413 shares of the oil and gas producer's stock valued at $2,428,000 after buying an additional 21,025 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $332,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Barclays dropped 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. TD Cowen initiated coverage on Enterprise Products Partners in a research report on Monday, July 7th. They set a "hold" rating and a $33.00 price target on the stock. Mizuho set a $38.00 price objective on Enterprise Products Partners and gave the stock an "outperform" rating in a report on Friday, July 11th. Finally, Argus raised Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

Enterprise Products Partners Price Performance

Shares of EPD stock traded up $0.30 during mid-day trading on Thursday, hitting $31.80. 3,982,102 shares of the stock traded hands, compared to its average volume of 4,726,875. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The firm has a market cap of $68.96 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. The company's 50-day simple moving average is $31.48 and its 200-day simple moving average is $32.09. 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 the consensus estimate of $0.69 by ($0.05). The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. As a group, equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business 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. The ex-dividend date is Thursday, July 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 6.86%. Enterprise Products Partners's dividend payout ratio (DPR) 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.