Stratos Wealth Partners LTD. Sells 70,801 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Stratos Wealth Partners LTD. decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,346 shares of the oil and gas producer's stock after selling 70,801 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Enterprise Products Partners were worth $4,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPD. Brighton Jones LLC grew its holdings in shares of Enterprise Products Partners by 19.9% during the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer's stock worth $1,023,000 after purchasing an additional 5,425 shares during the last quarter. Independent Advisor Alliance raised its position in shares of Enterprise Products Partners by 5.5% during the fourth quarter. Independent Advisor Alliance now owns 138,164 shares of the oil and gas producer's stock worth $4,333,000 after acquiring an additional 7,224 shares during the last quarter. Davis R M Inc. boosted its holdings in Enterprise Products Partners by 33.3% in the fourth quarter. Davis R M Inc. now owns 15,371 shares of the oil and gas producer's stock valued at $482,000 after acquiring an additional 3,840 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in Enterprise Products Partners by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 23,348 shares of the oil and gas producer's stock worth $732,000 after purchasing an additional 330 shares during the last quarter. Finally, Cascade Financial Partners LLC boosted its stake in shares of Enterprise Products Partners by 2.6% in the 4th quarter. Cascade Financial Partners LLC now owns 36,735 shares of the oil and gas producer's stock valued at $1,152,000 after purchasing an additional 926 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Scotiabank boosted their price target on 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. JPMorgan Chase & Co. boosted their price target 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. Barclays dropped their price target on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. TD Cowen assumed coverage on Enterprise Products Partners in a research note on Monday. They issued a "hold" rating and a $33.00 price target on the stock. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $36.20.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded up $0.12 on Thursday, hitting $32.02. 2,819,664 shares of the stock were exchanged, compared to its average volume of 4,478,081. 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 $69.44 billion, a PE ratio of 11.99, a P/E/G ratio of 1.32 and a beta of 0.64. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The firm's 50 day moving average is $31.32 and its two-hundred day moving average is $32.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share 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 firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a $0.545 dividend. The ex-dividend date is Thursday, July 31st. This represents a $2.18 annualized dividend and a yield of 6.81%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's dividend payout ratio (DPR) is currently 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.