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

Investor s Fiduciary Advisor Network LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPDFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 36,545 shares of the oil and gas producer’s stock, valued at approximately $1,146,000.

Several other institutional investors also recently modified their holdings of EPD. Verity & Verity LLC increased its holdings in shares of Enterprise Products Partners by 30.8% in the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer’s stock worth $3,470,000 after buying an additional 26,032 shares during the last quarter. Spinnaker Trust purchased a new stake in Enterprise Products Partners during the fourth quarter valued at about $280,000. FourThought Financial Partners LLC lifted its stake in Enterprise Products Partners by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer’s stock worth $4,407,000 after purchasing an additional 21,970 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Enterprise Products Partners by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer’s stock worth $9,726,000 after purchasing an additional 21,192 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Enterprise Products Partners by 16.2% during the 3rd quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer’s stock valued at $4,628,000 after purchasing an additional 21,834 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Up 1.5 %

Shares of Enterprise Products Partners stock opened at $31.10 on Friday. 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 $67.35 billion, a P/E ratio of 11.56, a PEG ratio of 1.37 and a beta of 0.67. The company’s fifty day simple moving average is $31.77 and its two-hundred day simple moving average is $32.03. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $14.14 billion. During the same period in the prior year, the business posted $0.66 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $0.535 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.88%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

Analyst Ratings Changes

EPD has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Morgan Stanley lifted 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. Scotiabank increased 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. StockNews.com raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Argus raised Enterprise Products Partners to a “strong-buy” rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.89.

Get Our Latest Stock Analysis on Enterprise Products Partners

Enterprise Products Partners Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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