Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 247.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 87,698 shares of the oil and gas producer's stock after purchasing an additional 62,446 shares during the period. Kingswood Wealth Advisors LLC's holdings in Enterprise Products Partners were worth $3,000,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Tidemark LLC increased its holdings in Enterprise Products Partners by 54.3% during the 4th 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 stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $30,000. National Bank of Canada FI raised its position in shares of Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in Enterprise Products Partners by 44.9% in the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EPD. JPMorgan Chase & Co. boosted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup reduced their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, Barclays reduced their price objective on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Trading Down 0.3%

EPD stock traded down $0.10 on Thursday, hitting $31.14. 3,404,631 shares of the company were exchanged, compared to its average volume of 4,457,798. The stock has a market capitalization of $67.53 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. The business's fifty day moving average is $31.10 and its two-hundred day moving average is $32.17. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64.

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 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.87%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

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.