First Heartland Consultants Inc. cut its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,947 shares of the oil and gas producer’s stock after selling 166 shares during the period. First Heartland Consultants Inc.’s holdings in Enterprise Products Partners L.P. were worth $413,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focused Wealth Management Inc increased its position in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Enterprise Products Partners L.P. by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 8,124 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 40 shares during the last quarter. Trust Co boosted its position in shares of Enterprise Products Partners L.P. by 0.4% in the fourth quarter. Trust Co now owns 10,808 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 45 shares during the last quarter. BKD Wealth Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.6% in the first quarter. BKD Wealth Advisors LLC now owns 8,639 shares of the oil and gas producer’s stock worth $239,000 after buying an additional 51 shares during the last quarter. Finally, WealthTrust Axiom LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. WealthTrust Axiom LLC now owns 31,057 shares of the oil and gas producer’s stock worth $857,000 after buying an additional 86 shares during the last quarter. Institutional investors own 38.83% of the company’s stock.
Enterprise Products Partners L.P. (EPD) traded up 1.00% during mid-day trading on Friday, reaching $25.23. 3,418,493 shares of the company were exchanged. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The company has a market cap of $54.19 billion, a P/E ratio of 19.85 and a beta of 0.89. The stock’s 50-day moving average is $26.88 and its 200-day moving average is $27.32.
Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners L.P. will post $1.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.66%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 132.28%.
A number of research firms have recently weighed in on EPD. BidaskClub cut shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. Barclays PLC reiterated an “overweight” rating and set a $31.00 price objective (down from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners L.P. currently has an average rating of “Buy” and a consensus target price of $31.62.
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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