Money Concepts Capital Corp Makes New Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Money Concepts Capital Corp purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,962 shares of the oil and gas producer's stock, valued at approximately $306,000.

Other large investors have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC grew its stake in Enterprise Products Partners by 9.4% during the first quarter. Jaffetilchin Investment Partners LLC now owns 38,012 shares of the oil and gas producer's stock worth $1,298,000 after purchasing an additional 3,265 shares during the period. Old North State Wealth Management LLC grew its position in shares of Enterprise Products Partners by 6.1% during the 1st quarter. Old North State Wealth Management LLC now owns 18,559 shares of the oil and gas producer's stock worth $634,000 after buying an additional 1,069 shares during the period. Transcend Capital Advisors LLC grew its position in shares of Enterprise Products Partners by 11.8% during the 1st quarter. Transcend Capital Advisors LLC now owns 26,800 shares of the oil and gas producer's stock worth $915,000 after buying an additional 2,827 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Enterprise Products Partners by 20.0% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,000 shares of the oil and gas producer's stock valued at $102,000 after acquiring an additional 500 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Enterprise Products Partners by 13.7% during the 1st quarter. Diversified Trust Co now owns 15,122 shares of the oil and gas producer's stock valued at $516,000 after acquiring an additional 1,821 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

NYSE:EPD traded up $0.04 during trading hours on Monday, reaching $31.10. The stock had a trading volume of 443,972 shares, compared to its average volume of 4,460,327. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. The stock has a market cap of $67.46 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The stock has a 50 day simple moving average of $31.21 and a 200 day simple moving average of $32.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. Enterprise Products Partners's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. On average, research analysts forecast 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. Stockholders of record on Wednesday, April 30th were issued a $0.535 dividend. 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 payout ratio is currently 80.15%.

Wall Street Analysts Forecast Growth

EPD has been the subject of several research analyst reports. Scotiabank lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Thursday, June 5th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Barclays cut their target price on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.67.

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.