Enterprise Products Partners L.P. (NYSE:EPD) Stock Position Raised by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,872 shares of the oil and gas producer's stock after buying an additional 13,068 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Enterprise Products Partners were worth $3,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PCG Wealth Advisors LLC acquired a new position in Enterprise Products Partners during the first quarter worth $201,000. Private Advisor Group LLC lifted its stake in Enterprise Products Partners by 6.2% during the 1st quarter. Private Advisor Group LLC now owns 414,611 shares of the oil and gas producer's stock worth $14,155,000 after acquiring an additional 24,376 shares in the last quarter. FLC Capital Advisors increased its holdings in Enterprise Products Partners by 1.3% during the 1st quarter. FLC Capital Advisors now owns 118,720 shares of the oil and gas producer's stock worth $4,053,000 after purchasing an additional 1,560 shares during the period. Jennison Associates LLC increased its holdings in Enterprise Products Partners by 13.6% during the 1st quarter. Jennison Associates LLC now owns 728,100 shares of the oil and gas producer's stock worth $24,857,000 after purchasing an additional 87,398 shares during the period. Finally, Hardy Reed LLC increased its holdings in Enterprise Products Partners by 11.6% during the 1st quarter. Hardy Reed LLC now owns 16,420 shares of the oil and gas producer's stock worth $561,000 after purchasing an additional 1,710 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on EPD. Citigroup dropped their price target 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. Argus raised Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Scotiabank lifted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.36.

Enterprise Products Partners Stock Performance

EPD traded up $0.22 during trading hours on Thursday, hitting $31.72. The company's stock had a trading volume of 2,550,785 shares, compared to its average volume of 4,716,527. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $68.79 billion, a PE ratio of 11.87, a PEG ratio of 1.81 and a beta of 0.64. The company has a 50-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 posted 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 net margin of 10.26% and a return on equity of 19.90%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 6.87%. Enterprise Products Partners's dividend payout ratio (DPR) is 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.