Financial Counselors Inc. Buys 14,738 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Financial Counselors Inc. raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 51.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,525 shares of the oil and gas producer's stock after purchasing an additional 14,738 shares during the quarter. Financial Counselors Inc.'s holdings in Enterprise Products Partners were worth $1,486,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Security National Bank acquired a new stake in Enterprise Products Partners during the 1st quarter valued at approximately $30,000. Alpine Bank Wealth Management acquired a new position in shares of Enterprise Products Partners in the 1st quarter worth approximately $31,000. Tidemark LLC grew its position in shares of 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 acquiring an additional 318 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of Enterprise Products Partners in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

EPD has been the subject of a number of analyst reports. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. TD Cowen assumed coverage on Enterprise Products Partners in a research report on Monday. They set a "hold" rating and a $33.00 price target for the company. Scotiabank boosted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. boosted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and an average target price of $36.20.

Enterprise Products Partners Stock Down 0.3%

NYSE:EPD traded down $0.09 during trading hours on Thursday, hitting $31.81. 638,265 shares of the company's stock traded hands, compared to its average volume of 4,784,817. The firm has a market cap of $68.99 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.32 and a beta of 0.64. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. The stock's fifty day moving average price is $31.32 and its two-hundred day moving average price is $32.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its 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). Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The firm had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter last year, the firm earned $0.66 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Thursday, July 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's dividend 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.