Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 48.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,650 shares of the oil and gas producer's stock after buying an additional 18,938 shares during the quarter. FSM Wealth Advisors LLC's holdings in Enterprise Products Partners were worth $1,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EPD. Brighton Jones LLC grew its holdings in Enterprise Products Partners by 19.9% during the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock worth $1,023,000 after acquiring an additional 5,425 shares during the period. QRG Capital Management Inc. boosted its position in Enterprise Products Partners by 79.8% in the 4th quarter. QRG Capital Management Inc. now owns 15,083 shares of the oil and gas producer's stock worth $473,000 after purchasing an additional 6,693 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $308,000. Fisher Asset Management LLC increased its holdings in shares of Enterprise Products Partners by 50.6% during the 4th quarter. Fisher Asset Management LLC now owns 26,476 shares of the oil and gas producer's stock valued at $830,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Enterprise Products Partners by 14.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after purchasing an additional 308 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Scotiabank increased their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Citigroup lowered their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lifted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.56.

Enterprise Products Partners Trading Up 0.1%

Shares of NYSE:EPD traded up $0.05 during midday trading on Thursday, reaching $31.49. 1,887,818 shares of the company's stock were exchanged, compared to its average volume of 4,476,383. The stock has a market cap of $68.29 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.30 and a beta of 0.64. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The firm's 50 day simple moving average is $31.26 and its two-hundred day simple moving average is $32.06. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its 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 19.90% and a net margin of 10.26%. The company had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. During the same period last year, the business earned $0.66 EPS. The company's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.80%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio 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.