Botty Investors LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 23,586 shares of the oil and gas producer’s stock after buying an additional 236 shares during the period. Botty Investors LLC’s holdings in Enterprise Products Partners L.P. were worth $648,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dubuque Bank & Trust Co. boosted its position in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 2,615 shares in the last quarter. Baystate Wealth Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 3,982 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Enterprise Products Partners L.P. during the first quarter worth about $140,000. Intellectus Partners LLC boosted its position in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 399 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 7,000 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 38.52% of the company’s stock.
Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.32 on Friday. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The company’s 50-day moving average is $26.93 and its 200 day moving average is $27.49. The firm has a market cap of $58.37 billion, a PE ratio of 22.12 and a beta of 0.89.
Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Enterprise Products Partners L.P. had a net margin of 10.31% and a return on equity of 11.73%. The business had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the firm posted $0.33 EPS. Enterprise Products Partners L.P.’s revenue was up 46.3% compared to the same quarter last year. Equities analysts anticipate that Enterprise Products Partners L.P. will post $1.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 31st will be given a $0.42 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.68 annualized dividend and a yield of 6.15%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 133.87%.
EPD has been the subject of several research analyst reports. Scotiabank reiterated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a report on Monday, April 24th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.05.
About Enterprise Products Partners L.P.
Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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