Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 186.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,181 shares of the oil and gas producer's stock after purchasing an additional 90,560 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Enterprise Products Partners were worth $4,752,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. OneAscent Financial Services LLC increased its position in Enterprise Products Partners by 100.1% in the first quarter. OneAscent Financial Services LLC now owns 21,192 shares of the oil and gas producer's stock worth $724,000 after purchasing an additional 10,603 shares during the last quarter. Copperwynd Financial LLC grew its stake in shares of Enterprise Products Partners by 5.6% in the 1st quarter. Copperwynd Financial LLC now owns 11,867 shares of the oil and gas producer's stock worth $405,000 after buying an additional 628 shares in the last quarter. Conservest Capital Advisors Inc. purchased a new position in shares of Enterprise Products Partners in the 1st quarter worth $277,000. Kestra Private Wealth Services LLC boosted its stake in Enterprise Products Partners by 16.2% during the first quarter. Kestra Private Wealth Services LLC now owns 93,872 shares of the oil and gas producer's stock worth $3,205,000 after buying an additional 13,068 shares during the period. Finally, PCG Wealth Advisors LLC purchased a new position in Enterprise Products Partners during the first quarter worth $201,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Up 1.3%

EPD stock traded up $0.41 during mid-day trading on Thursday, hitting $31.91. 1,620,202 shares of the company were exchanged, compared to its average volume of 4,709,756. The firm has a market capitalization of $69.20 billion, a P/E ratio of 11.95, a PEG ratio of 1.81 and a beta of 0.64. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $31.48 and a 200-day simple moving average of $32.09.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released 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). 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 analyst estimates of $14.14 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be issued a $0.545 dividend. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $2.18 annualized dividend and a yield of 6.83%. Enterprise Products Partners's dividend payout ratio (DPR) is 80.15%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EPD shares. JPMorgan Chase & Co. lifted their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Mizuho set a $38.00 price target on shares of Enterprise Products Partners and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Barclays lowered their target price on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.36.

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.