Certified Advisory Corp Acquires 19,135 Shares of Enterprise Products Partners L.P. $EPD

Certified Advisory Corp raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 21.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,479 shares of the oil and gas producer’s stock after buying an additional 19,135 shares during the quarter. Certified Advisory Corp’s holdings in Enterprise Products Partners were worth $4,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PMV Capital Advisers LLC acquired a new position in shares of Enterprise Products Partners during the 4th quarter valued at $25,000. Palisade Asset Management LLC acquired a new stake in Enterprise Products Partners in the third quarter worth $31,000. Texas Capital Bancshares Inc TX acquired a new stake in Enterprise Products Partners in the third quarter worth $32,000. Daytona Street Capital LLC bought a new stake in Enterprise Products Partners in the fourth quarter valued at $42,000. Finally, Groesbeck Investment Management Corp NJ acquired a new position in shares of Enterprise Products Partners during the fourth quarter valued at about $45,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EPD has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings raised Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. increased their price target on Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Barclays raised their price objective on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Finally, Jefferies Financial Group upped their target price on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.94.

Enterprise Products Partners Trading Up 2.1%

NYSE:EPD opened at $37.17 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. 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 market cap of $80.35 billion, a PE ratio of 13.77, a PEG ratio of 1.30 and a beta of 0.49. The firm has a 50-day moving average of $37.84 and a 200-day moving average of $35.90.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share 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 the consensus estimate of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. Enterprise Products Partners’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. As a group, equities research analysts expect that Enterprise Products Partners L.P. will post 2.98 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is 81.48%.

Enterprise Products Partners Company 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.