Visionary Wealth Advisors Has $2.02 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Visionary Wealth Advisors lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 476.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,504 shares of the oil and gas producer's stock after acquiring an additional 53,314 shares during the quarter. Visionary Wealth Advisors' holdings in Enterprise Products Partners were worth $2,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Tidemark LLC raised its position in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners during the 4th quarter worth $29,000. Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners during the 4th quarter worth $30,000. National Bank of Canada FI raised its position in Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Enterprise Products Partners by 44.9% during the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EPD shares. Citigroup lowered their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Barclays lifted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Scotiabank lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners has an average rating of "Moderate Buy" and a consensus target price of $36.67.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $32.56 on Tuesday. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The firm has a market capitalization of $70.62 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.37 and a beta of 0.67. The business has a 50-day simple moving average of $31.63 and a 200 day simple moving average of $32.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

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 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share 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. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.57%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 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.

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