Catalyst Capital Advisors LLC Has $18.97 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Catalyst Capital Advisors LLC lifted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 11.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 555,691 shares of the oil and gas producer's stock after acquiring an additional 58,950 shares during the period. Catalyst Capital Advisors LLC's holdings in Enterprise Products Partners were worth $18,971,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidemark LLC lifted 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 purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners during the 4th quarter valued at about $30,000. Security National Bank bought a new position in Enterprise Products Partners during the 1st quarter valued at about $30,000. Finally, Alpine Bank Wealth Management bought a new position in Enterprise Products Partners during the 1st quarter valued at about $31,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EPD shares. Barclays cut their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Morgan Stanley boosted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Four equities 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.56.

Enterprise Products Partners Trading Up 0.1%

Shares of NYSE:EPD traded up $0.05 during trading on Friday, hitting $31.49. 1,887,818 shares of the company's stock were exchanged, compared to its average volume of 4,476,383. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a 50-day moving average price of $31.26 and a two-hundred day moving average price of $32.06. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The firm has a market cap of $68.29 billion, a P/E ratio of 11.79, a PEG ratio of 1.31 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate 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 business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 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.