Fort Washington Investment Advisors Inc. OH Has $6.23 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 22.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 182,506 shares of the oil and gas producer's stock after selling 54,009 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Enterprise Products Partners were worth $6,231,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Enterprise Products Partners by 1.7% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 345,249 shares of the oil and gas producer's stock valued at $11,787,000 after purchasing an additional 5,624 shares during the period. apricus wealth LLC acquired a new position in Enterprise Products Partners during the first quarter worth about $207,000. Capital Advisory Group Advisory Services LLC grew its holdings in Enterprise Products Partners by 11.7% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 23,114 shares of the oil and gas producer's stock worth $789,000 after acquiring an additional 2,415 shares during the period. Bard Financial Services Inc. grew its holdings in Enterprise Products Partners by 4.7% during the first quarter. Bard Financial Services Inc. now owns 166,950 shares of the oil and gas producer's stock worth $5,700,000 after acquiring an additional 7,500 shares during the period. Finally, CX Institutional acquired a new position in Enterprise Products Partners during the first quarter worth about $56,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EPD shares. Argus raised Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Scotiabank lifted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Barclays lowered their target price on 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, Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.67.

Enterprise Products Partners Stock Down 1.7%

NYSE EPD traded down $0.54 during trading on Monday, reaching $31.51. 4,701,257 shares of the company's stock were exchanged, compared to its average volume of 4,449,223. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The firm has a market capitalization of $68.34 billion, a PE ratio of 11.71, a P/E/G ratio of 1.37 and a beta of 0.65. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company's fifty day simple moving average is $31.04 and its 200-day simple moving average is $32.19.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.79%. Enterprise Products Partners's dividend payout ratio is 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.