Aurora Private Wealth Inc. Buys 194,336 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Aurora Private Wealth Inc. boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3,044.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,720 shares of the oil and gas producer's stock after acquiring an additional 194,336 shares during the period. Aurora Private Wealth Inc.'s holdings in Enterprise Products Partners were worth $6,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EPD. Kayne Anderson Capital Advisors LP boosted its position in shares of Enterprise Products Partners by 16.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after acquiring an additional 1,947,017 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Enterprise Products Partners in the 4th quarter worth about $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enterprise Products Partners by 8.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after purchasing an additional 851,188 shares during the period. KDK Private Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $22,333,000. Finally, Walnut Private Equity Partners LLC acquired a new stake in shares of Enterprise Products Partners in the first quarter valued at approximately $24,069,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Trading Down 1.0%

Shares of NYSE:EPD traded down $0.32 during mid-day trading on Wednesday, reaching $30.80. 4,066,514 shares of the company's stock were exchanged, compared to its average volume of 4,455,679. 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 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 $66.80 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.28 and a beta of 0.65. The business's fifty day moving average price is $31.20 and its 200-day moving average price is $32.11.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its 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 company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.95%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 80.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EPD shares. Scotiabank lifted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Barclays cut their price objective on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, May 20th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Finally, Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.67.

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.