Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC reduced its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 21.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,776 shares of the oil and gas producer's stock after selling 20,462 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Enterprise Products Partners were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EPD. Brighton Jones LLC boosted its holdings in shares of Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock worth $1,023,000 after purchasing an additional 5,425 shares during the period. Principle Wealth Partners LLC boosted its position in Enterprise Products Partners by 6.5% during the 4th quarter. Principle Wealth Partners LLC now owns 9,211 shares of the oil and gas producer's stock valued at $289,000 after acquiring an additional 565 shares in the last quarter. Perissos Private Wealth Management LLC boosted its position in shares of Enterprise Products Partners by 1.4% in the 4th quarter. Perissos Private Wealth Management LLC now owns 35,961 shares of the oil and gas producer's stock worth $1,128,000 after purchasing an additional 500 shares in the last quarter. Van ECK Associates Corp raised its position in Enterprise Products Partners by 11.9% during the 4th quarter. Van ECK Associates Corp now owns 95,029 shares of the oil and gas producer's stock worth $2,980,000 after buying an additional 10,090 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its position in Enterprise Products Partners by 3.0% during the 4th quarter. Ingalls & Snyder LLC now owns 14,678 shares of the oil and gas producer's stock worth $460,000 after purchasing an additional 426 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EPD has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. raised their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Barclays decreased 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. Scotiabank raised their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Finally, Citigroup cut their price target on 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. Four equities research 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 stock. According to data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock traded up $0.01 during trading on Friday, reaching $31.97. The company's stock had a trading volume of 2,061,894 shares, compared to its average volume of 4,427,002. The business has a 50 day moving average price of $30.93 and a 200-day moving average price of $32.23. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a market capitalization of $69.33 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results 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 net margin of 10.49% and a return on equity of 20.48%. The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. During the same period last year, the company posted $0.66 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is 80.15%.

Enterprise Products Partners 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.