Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,734 shares of the oil and gas producer's stock after acquiring an additional 14,774 shares during the quarter. Enterprise Products Partners accounts for about 1.2% of CFM Wealth Partners LLC's investment portfolio, making the stock its 24th largest holding. CFM Wealth Partners LLC's holdings in Enterprise Products Partners were worth $6,648,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EPD. Tidemark LLC increased its stake 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 worth $28,000 after buying an additional 318 shares during the period. Lee Danner & Bass Inc. purchased a new position in Enterprise Products Partners in the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners during the fourth quarter valued at about $30,000. Security National Bank acquired a new stake in shares of Enterprise Products Partners during the first quarter valued at about $30,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Enterprise Products Partners during the first quarter worth about $31,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Barclays cut 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. Finally, Citigroup decreased their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and an average price target of $36.67.

Enterprise Products Partners Trading Down 0.1%

Enterprise Products Partners stock opened at $31.06 on Friday. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The firm's 50-day moving average is $31.21 and its 200-day moving average is $32.08. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. The company has a market cap of $67.37 billion, a P/E ratio of 11.63, a PEG ratio of 1.29 and a beta of 0.65.

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

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.89%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is presently 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.

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