Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC lifted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,328 shares of the oil and gas producer's stock after acquiring an additional 11,702 shares during the quarter. Enterprise Products Partners accounts for about 0.7% of ORG Wealth Partners LLC's investment portfolio, making the stock its 20th biggest position. ORG Wealth Partners LLC's holdings in Enterprise Products Partners were worth $2,236,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its stake in Enterprise Products Partners by 1.3% in the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock worth $849,126,000 after purchasing an additional 359,288 shares in the last quarter. FMR LLC boosted its stake in Enterprise Products Partners by 2.1% in the fourth quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock valued at $462,067,000 after acquiring an additional 304,997 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in Enterprise Products Partners by 16.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after acquiring an additional 1,947,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after acquiring an additional 851,188 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in Enterprise Products Partners by 11.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,830,088 shares of the oil and gas producer's stock valued at $182,832,000 after acquiring an additional 580,850 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

EPD stock traded up $0.07 on Friday, reaching $31.19. The company's stock had a trading volume of 3,487,717 shares, compared to its average volume of 4,457,755. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The company has a market capitalization of $67.64 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. The firm has a fifty day moving average of $31.15 and a two-hundred day moving average of $32.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $15.42 billion during 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%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 80.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EPD shares. 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 research note on Tuesday, May 20th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lifted their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Four equities research 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. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and an average target price 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.