Apella Capital LLC Invests $1.48 Million in Enterprise Products Partners L.P. $EPD

Apella Capital LLC bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the first quarter, Holdings Channel.com reports. The fund bought 40,223 shares of the oil and gas producer’s stock, valued at approximately $1,475,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in EPD. PMV Capital Advisers LLC bought a new stake in Enterprise Products Partners during the fourth quarter worth about $25,000. Palisade Asset Management LLC bought a new stake in shares of Enterprise Products Partners in the 3rd quarter worth approximately $31,000. Texas Capital Bancshares Inc TX bought a new stake in shares of Enterprise Products Partners in the 3rd quarter worth approximately $32,000. Daytona Street Capital LLC purchased a new stake in shares of Enterprise Products Partners in the 4th quarter valued at $42,000. Finally, Groesbeck Investment Management Corp NJ purchased a new stake in Enterprise Products Partners during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EPD. Stifel Nicolaus lifted their price objective on Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada lifted their target price on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. TD Cowen reissued a “hold” rating and issued a $38.00 target price (up from $34.00) on shares of Enterprise Products Partners in a research note on Thursday, April 16th. Finally, Weiss Ratings upgraded Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 15th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Hold” and an average price target of $39.94.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD opened at $36.62 on Friday. The firm has a 50 day moving average of $37.80 and a 200 day moving average of $35.96. Enterprise Products Partners L.P. has a 12-month low of $30.01 and a 12-month high of $40.17. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $79.15 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data 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). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The company had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $13.62 billion. During the same period last year, the business earned $0.64 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, research analysts anticipate that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 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.