Koshinski Asset Management Inc. Grows Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Koshinski Asset Management Inc. increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 27.7% in the first quarter, HoldingsChannel.com reports. The firm owned 9,270 shares of the oil and gas producer’s stock after buying an additional 2,012 shares during the period. Koshinski Asset Management Inc.’s holdings in Enterprise Products Partners were worth $316,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC boosted its position in shares of Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 318 shares during the period. Lee Danner & Bass Inc. purchased a new stake in shares of Enterprise Products Partners in the 4th quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners during the 4th quarter worth about $30,000. Security National Bank purchased a new position in Enterprise Products Partners during the 1st quarter valued at about $30,000. Finally, Alpine Bank Wealth Management purchased a new position in Enterprise Products Partners during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $31.49 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The company has a fifty day simple moving average of $31.26 and a 200-day simple moving average of $32.06. The stock has a market cap of $68.29 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64. 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) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $14.14 billion. During the same period last year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.15%.

Analyst Ratings Changes

A number of analysts have issued reports on EPD shares. Morgan Stanley boosted their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Scotiabank upped their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Citigroup decreased their price target on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Finally, Barclays reduced their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday. Four 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 company. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of “Moderate Buy” and a consensus target price of $36.56.

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.