Cyndeo Wealth Partners LLC Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Cyndeo Wealth Partners LLC increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 20.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,358 shares of the oil and gas producer's stock after acquiring an additional 22,202 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Enterprise Products Partners were worth $4,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPD. Brighton Jones LLC increased its stake in Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after purchasing an additional 5,425 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Enterprise Products Partners by 11.9% in the 4th quarter. Van ECK Associates Corp now owns 95,029 shares of the oil and gas producer's stock valued at $2,980,000 after acquiring an additional 10,090 shares during the period. Spinnaker Trust purchased a new position in Enterprise Products Partners in the 4th quarter worth $280,000. Aveo Capital Partners LLC lifted its position in Enterprise Products Partners by 52.3% during the 4th quarter. Aveo Capital Partners LLC now owns 16,755 shares of the oil and gas producer's stock worth $525,000 after acquiring an additional 5,755 shares during the period. Finally, Puff Wealth Management LLC purchased a new stake in Enterprise Products Partners during the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Scotiabank lifted their price objective 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. Citigroup cut 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 note on Tuesday, May 13th. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Barclays lowered their price target on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock traded down $0.30 during trading hours on Tuesday, reaching $31.24. The stock had a trading volume of 3,933,223 shares, compared to its average volume of 4,453,926. The stock's 50 day moving average is $31.04 and its 200 day moving average is $32.19. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. 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 capitalization of $67.75 billion, a PE ratio of 11.70, a PEG ratio of 1.31 and a beta of 0.65.

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 business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. Equities analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given 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 dividend yield of 6.85%. Enterprise Products Partners's dividend payout ratio (DPR) is 80.15%.

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.