Investor s Fiduciary Advisor Network LLC Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 36,545 shares of the oil and gas producer's stock, valued at approximately $1,146,000.

Other hedge funds also recently modified their holdings of the company. JRM Investment Counsel LLC boosted its stake in shares of Enterprise Products Partners by 1.0% in the 4th quarter. JRM Investment Counsel LLC now owns 467,179 shares of the oil and gas producer's stock valued at $14,651,000 after purchasing an additional 4,751 shares during the last quarter. KKM Financial LLC boosted its position in Enterprise Products Partners by 4.8% during the fourth quarter. KKM Financial LLC now owns 81,734 shares of the oil and gas producer's stock valued at $2,563,000 after acquiring an additional 3,747 shares during the last quarter. Full Sail Capital LLC grew its holdings in Enterprise Products Partners by 3.9% during the 4th quarter. Full Sail Capital LLC now owns 9,081 shares of the oil and gas producer's stock worth $285,000 after acquiring an additional 341 shares during the period. Eagle Global Advisors LLC lifted its stake in shares of Enterprise Products Partners by 8.4% in the 4th quarter. Eagle Global Advisors LLC now owns 2,166,604 shares of the oil and gas producer's stock valued at $67,945,000 after purchasing an additional 168,100 shares during the period. Finally, Colonial Trust Co SC boosted its position in shares of 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 valued at $32,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Morgan Stanley boosted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Scotiabank upped their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Finally, Barclays increased their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Price Performance

EPD traded up $0.39 during trading on Tuesday, reaching $31.79. 1,409,058 shares of the company traded hands, compared to its average volume of 4,365,905. The company has a market cap of $68.85 billion, a P/E ratio of 11.82, a PEG ratio of 1.37 and a beta of 0.67. The firm has a fifty day simple moving average of $31.73 and a 200 day simple moving average of $32.07. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63.

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 net margin of 10.49% and a return on equity of 20.48%. 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 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.73%. Enterprise Products Partners's payout ratio 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.