Fiduciary Alliance LLC Buys Shares of 11,094 Enterprise Products Partners L.P. (NYSE:EPD)

Fiduciary Alliance LLC acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,094 shares of the oil and gas producer's stock, valued at approximately $379,000.

Other institutional investors also recently modified their holdings of the company. Tidemark LLC increased its stake in shares of 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 purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners in the 4th quarter valued at about $30,000. National Bank of Canada FI raised its holdings in Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 360 shares during the period. 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 valued at $32,000 after acquiring an additional 314 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on EPD shares. Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a report 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 on the stock in a report on Tuesday, May 13th. Scotiabank increased their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.67.

Enterprise Products Partners Price Performance

NYSE:EPD traded up $0.24 during mid-day trading on Thursday, reaching $31.06. The stock had a trading volume of 4,779,993 shares, compared to its average volume of 4,404,758. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The stock has a market capitalization of $67.36 billion, a PE ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock has a 50-day simple moving average of $31.06 and a two-hundred day simple moving average of $32.25.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. On average, equities analysts anticipate 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. Stockholders of record on Wednesday, April 30th were issued a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.89%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 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.