U.S. Capital Wealth Advisors LLC Buys 259,383 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

U.S. Capital Wealth Advisors LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,143,807 shares of the oil and gas producer's stock after purchasing an additional 259,383 shares during the quarter. Enterprise Products Partners accounts for approximately 2.2% of U.S. Capital Wealth Advisors LLC's investment portfolio, making the stock its 4th largest holding. U.S. Capital Wealth Advisors LLC owned 0.10% of Enterprise Products Partners worth $73,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tidemark LLC lifted 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 period. Lee Danner & Bass Inc. acquired a new position in Enterprise Products Partners in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners in the fourth quarter valued at approximately $30,000. Security National Bank acquired a new position in Enterprise Products Partners in the first quarter valued at approximately $30,000. Finally, Alpine Bank Wealth Management acquired a new position in Enterprise Products Partners in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Ratings Changes

EPD has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. 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 research report on Thursday, March 27th. Finally, Scotiabank boosted their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.20.

Enterprise Products Partners Price Performance

Shares of EPD traded up $0.41 during trading hours on Tuesday, hitting $31.72. 3,035,648 shares of the stock were exchanged, compared to its average volume of 4,478,730. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a market cap of $68.80 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64. The stock's 50-day moving average price is $31.26 and its two-hundred day moving average price is $32.08.

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

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.