Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,068,284 shares of the oil and gas producer's stock after acquiring an additional 106,895 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Enterprise Products Partners were worth $33,501,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tidemark LLC increased its stake in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Enterprise Products Partners in the fourth quarter worth about $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners during the fourth quarter valued at approximately $30,000. National Bank of Canada FI lifted its holdings in shares of Enterprise Products Partners by 55.4% during the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in Enterprise Products Partners by 44.9% in the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EPD. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Citigroup cut their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective 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. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.56.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded down $0.37 on Friday, reaching $30.86. 4,721,900 shares of the company were exchanged, compared to its average volume of 4,394,278. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a market cap of $66.93 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a 50-day moving average of $31.23 and a 200-day moving average of $32.24.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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 20.48% and a net margin of 10.49%. The company had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 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.