Stephens Inc. AR Boosts Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Stephens Inc. AR raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 459,833 shares of the oil and gas producer's stock after purchasing an additional 174,121 shares during the period. Stephens Inc. AR's holdings in Enterprise Products Partners were worth $15,699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Security National Bank purchased a new stake in Enterprise Products Partners in the 1st quarter valued at about $30,000. Alpine Bank Wealth Management bought a new stake in shares of Enterprise Products Partners in the first quarter valued at approximately $31,000. Tidemark LLC boosted its holdings in Enterprise Products Partners by 54.3% in 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. bought a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $29,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners during the fourth quarter valued at about $30,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

EPD traded down $0.14 during midday trading on Friday, hitting $31.91. 2,518,045 shares of the company traded hands, compared to its average volume of 4,488,394. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $69.21 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The company's 50-day moving average is $31.39 and its 200 day moving average is $32.09. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data 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). 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 quarter last year, the company earned $0.66 EPS. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.545 per share. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 31st. This represents a $2.18 dividend on an annualized basis and a yield of 6.83%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 81.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EPD. JPMorgan Chase & Co. raised their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Barclays decreased their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, July 2nd. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup lowered their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Scotiabank increased their target price 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners currently has an average rating of "Moderate Buy" and an average price target of $36.36.

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.