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

Financial Counselors Inc. increased its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 51.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,525 shares of the oil and gas producer's stock after acquiring an additional 14,738 shares during the period. Financial Counselors Inc.'s holdings in Enterprise Products Partners were worth $1,486,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Security National Bank bought a new stake in Enterprise Products Partners during the first quarter valued at about $30,000. Alpine Bank Wealth Management bought a new stake in Enterprise Products Partners during the first quarter valued at about $31,000. Tidemark LLC grew its holdings in Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares during the period. Lee Danner & Bass Inc. bought a new stake in Enterprise Products Partners during the fourth quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. bought a new stake in Enterprise Products Partners during the fourth quarter valued at about $30,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.14 during mid-day trading on Wednesday, reaching $31.86. The stock had a trading volume of 4,786,432 shares, compared to its average volume of 4,479,957. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The company has a market cap of $69.10 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The business's 50 day moving average price is $31.28 and its 200 day moving average price is $32.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued 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 19.90% and a net margin of 10.26%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. Research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.545 per share. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Thursday, July 31st. Enterprise Products Partners's payout ratio is presently 80.15%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley boosted their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, TD Cowen initiated coverage on Enterprise Products Partners in a research report on Monday. They issued a "hold" rating and a $33.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.20.

About Enterprise Products Partners

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.