Focus Partners Advisor Solutions LLC Boosts Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Focus Partners Advisor Solutions LLC increased its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,550 shares of the oil and gas producer's stock after purchasing an additional 9,102 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Enterprise Products Partners were worth $1,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Heartland Consultants Inc. increased its stake in shares of Enterprise Products Partners by 3.1% in the fourth quarter. First Heartland Consultants Inc. now owns 21,726 shares of the oil and gas producer's stock valued at $681,000 after buying an additional 658 shares in the last quarter. Ashford Capital Management Inc. lifted its holdings in shares of Enterprise Products Partners by 18.8% during the 4th quarter. Ashford Capital Management Inc. now owns 170,470 shares of the oil and gas producer's stock valued at $5,346,000 after purchasing an additional 26,930 shares in the last quarter. Delta Investment Management LLC lifted its stake in Enterprise Products Partners by 3.2% in the 4th quarter. Delta Investment Management LLC now owns 318,680 shares of the oil and gas producer's stock valued at $9,994,000 after acquiring an additional 10,009 shares in the last quarter. Willis Johnson & Associates Inc. lifted its stake in Enterprise Products Partners by 8.1% in the 4th quarter. Willis Johnson & Associates Inc. now owns 8,587 shares of the oil and gas producer's stock valued at $269,000 after acquiring an additional 641 shares in the last quarter. Finally, Windsor Advisory Group LLC lifted its stake in Enterprise Products Partners by 2.6% in the 4th quarter. Windsor Advisory Group LLC now owns 53,019 shares of the oil and gas producer's stock valued at $1,663,000 after acquiring an additional 1,346 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Up 0.2%

NYSE:EPD traded up $0.05 during trading hours on Tuesday, reaching $31.34. 780,729 shares of the company traded hands, compared to its average volume of 4,381,771. The business's 50-day moving average price is $31.42 and its two-hundred day moving average price is $32.24. The stock has a market capitalization of $67.98 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.37 and a beta of 0.67. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. 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 (NYSE:EPD - Get Free Report) last posted its quarterly 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 return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share 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 issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 80.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EPD. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Citigroup reduced their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Scotiabank raised their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised their price objective 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. Four 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 company. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.56.

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.