Aptus Capital Advisors LLC Purchases 67,687 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Aptus Capital Advisors LLC grew its position in Enterprise Products Partners L.P. (NYSE:EPD) by 822.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,919 shares of the oil and gas producer’s stock after buying an additional 67,687 shares during the period. Aptus Capital Advisors LLC’s holdings in Enterprise Products Partners were worth $2,381,000 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. Invesco Ltd. grew its holdings in Enterprise Products Partners by 1.3% in the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer’s stock worth $849,126,000 after purchasing an additional 359,288 shares during the last quarter. FMR LLC boosted its position in shares of Enterprise Products Partners by 2.1% in the 4th quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer’s stock worth $462,067,000 after purchasing an additional 304,997 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in Enterprise Products Partners by 16.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer’s stock valued at $426,125,000 after buying an additional 1,947,017 shares in the last quarter. Stifel Financial Corp increased its position in Enterprise Products Partners by 10.1% during the 4th quarter. Stifel Financial Corp now owns 3,822,076 shares of the oil and gas producer’s stock valued at $119,861,000 after buying an additional 351,387 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Enterprise Products Partners by 10.7% in the fourth quarter. LPL Financial LLC now owns 3,326,224 shares of the oil and gas producer’s stock worth $104,310,000 after acquiring an additional 321,145 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $30.00 on Tuesday. The company has a 50 day moving average price of $31.99 and a 200-day moving average price of $32.01. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a market cap of $64.97 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. 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) last released its quarterly earnings data 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 net margin of 10.49% and a return on equity of 20.48%. The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $14.14 billion. During the same period in the previous year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 7.13%. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EPD. 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. Scotiabank raised their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Morgan Stanley upped their target price 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. Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.89.

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.