Stephens Inc. AR Raises Position in Enterprise Products Partners L.P. $EPD

Stephens Inc. AR increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 632,544 shares of the oil and gas producer’s stock after purchasing an additional 27,271 shares during the period. Stephens Inc. AR’s holdings in Enterprise Products Partners were worth $23,939,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $31,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $32,000. Daytona Street Capital LLC purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $42,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth $45,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.1%

EPD stock opened at $36.77 on Monday. The stock has a market capitalization of $79.49 billion, a P/E ratio of 13.62, a PEG ratio of 1.30 and a beta of 0.49. The company has a 50 day moving average price of $37.75 and a two-hundred day moving average price of $36.14. Enterprise Products Partners L.P. has a one year low of $30.01 and a one year high of $40.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03). The business had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 3.01 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is presently 81.48%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, March 30th. TD Cowen restated a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a report on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Morgan Stanley restated an “underweight” rating and issued a $43.00 price target (up from $42.00) on shares of Enterprise Products Partners in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus raised their target price on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.94.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.