Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Milestone Asset Management LLC

Milestone Asset Management LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 35.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,393 shares of the oil and gas producer's stock after buying an additional 9,024 shares during the period. Milestone Asset Management LLC's holdings in Enterprise Products Partners were worth $1,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Enterprise Products Partners by 19.9% in the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock valued at $1,023,000 after purchasing an additional 5,425 shares during the last quarter. Caprock Group LLC grew its holdings in Enterprise Products Partners by 29.2% in the 4th quarter. Caprock Group LLC now owns 86,230 shares of the oil and gas producer's stock valued at $2,704,000 after buying an additional 19,495 shares during the period. Clear Creek Financial Management LLC grew its holdings in Enterprise Products Partners by 14.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 10,445 shares of the oil and gas producer's stock valued at $328,000 after buying an additional 1,309 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in Enterprise Products Partners by 0.5% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 280,460 shares of the oil and gas producer's stock valued at $8,795,000 after buying an additional 1,500 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in Enterprise Products Partners by 0.3% in the 4th quarter. DAVENPORT & Co LLC now owns 332,462 shares of the oil and gas producer's stock valued at $10,411,000 after buying an additional 881 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Citigroup decreased their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Barclays decreased their target price on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, May 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.67.

Enterprise Products Partners Stock Performance

Shares of EPD traded up $0.27 during midday trading on Thursday, hitting $31.09. 3,438,252 shares of the stock traded hands, compared to its average volume of 4,399,768. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a market capitalization of $67.43 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The business's 50 day moving average price is $31.06 and its two-hundred day moving average price is $32.25.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Equities 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Wednesday, April 30th. 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.