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

Stratos Wealth Partners LTD. reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 34.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,346 shares of the oil and gas producer's stock after selling 70,801 shares during the period. Stratos Wealth Partners LTD.'s holdings in Enterprise Products Partners were worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EPD. Security National Bank bought a new stake in shares of Enterprise Products Partners in the 1st quarter valued at about $30,000. Alpine Bank Wealth Management acquired a new position in shares of Enterprise Products Partners in the first quarter worth approximately $31,000. Tidemark LLC boosted its holdings in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Enterprise Products Partners during the 4th quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EPD shares. Mizuho reduced their price objective on shares of Enterprise Products Partners from $39.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. TD Cowen assumed coverage on Enterprise Products Partners in a report on Monday. They set a "hold" rating and a $33.00 price target for the company. Barclays lowered their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. upped their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.36.

Enterprise Products Partners Stock Down 0.4%

NYSE:EPD traded down $0.14 on Friday, hitting $31.91. The stock had a trading volume of 2,518,045 shares, compared to its average volume of 4,482,922. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The business's fifty day moving average is $31.39 and its 200 day moving average is $32.09. The company has a market cap of $69.21 billion, a PE ratio of 11.95, a P/E/G ratio of 1.36 and a beta of 0.64.

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). 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 analyst estimates of $14.14 billion. During the same period in the previous year, the company earned $0.66 earnings per share. Enterprise Products Partners's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.545 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $2.18 annualized dividend and a yield of 6.83%. Enterprise Products Partners's dividend payout ratio is presently 80.15%.

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.