Janney Montgomery Scott LLC Purchases 24,767 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Janney Montgomery Scott LLC grew its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 873,516 shares of the oil and gas producer's stock after purchasing an additional 24,767 shares during the period. Janney Montgomery Scott LLC's holdings in Enterprise Products Partners were worth $29,822,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tidemark LLC raised 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 worth $28,000 after acquiring an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $30,000. National Bank of Canada FI boosted its holdings in shares of Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC increased its holdings in Enterprise Products Partners by 44.9% during the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after buying an additional 314 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded up $0.07 on Friday, reaching $31.19. 3,487,717 shares of the company's stock were exchanged, compared to its average volume of 4,457,755. 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 fifty day moving average of $31.19 and a 200-day moving average of $32.14. The company has a market capitalization of $67.64 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.29 and a beta of 0.65. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EPD shares. Scotiabank upped 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 report on Thursday, June 5th. JPMorgan Chase & Co. lifted their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Finally, Citigroup reduced their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average 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.