Investment Advisory Services Inc. TX ADV Purchases Shares of 11,224 Enterprise Products Partners L.P. (NYSE:EPD)

Investment Advisory Services Inc. TX ADV bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,224 shares of the oil and gas producer's stock, valued at approximately $383,000.

A number of other large investors also recently made changes to their positions in EPD. Tidemark LLC grew its holdings in Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 318 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Enterprise Products Partners in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners during the fourth quarter worth about $30,000. Security National Bank bought a new position in shares of Enterprise Products Partners during the first quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of Enterprise Products Partners in the first quarter valued at approximately $31,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Down 1.0%

Shares of NYSE EPD opened at $30.80 on Thursday. The firm has a 50 day moving average price of $31.21 and a two-hundred day moving average price of $32.10. The stock has a market cap of $66.80 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week 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.

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 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company 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 19.90% and a net margin of 10.26%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced 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 yield of 6.95%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 80.15%.

Wall Street Analyst Weigh In

EPD has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Scotiabank upped their price objective on shares of 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. Morgan Stanley increased their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Barclays dropped their price objective on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, May 20th. Four 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

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.

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