Enterprise Products Partners L.P. $EPD Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 399,000 shares of the oil and gas producer’s stock after selling 13,766 shares during the period. Private Advisor Group LLC’s holdings in Enterprise Products Partners were worth $15,098,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EPD. PMV Capital Advisers LLC purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $25,000. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners in the 3rd quarter valued at about $31,000. Texas Capital Bancshares Inc TX purchased a new stake in Enterprise Products Partners during the 3rd quarter valued at approximately $32,000. Daytona Street Capital LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth approximately $42,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in shares of Enterprise Products Partners in the 4th quarter valued at approximately $45,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EPD. JPMorgan Chase & Co. boosted their target price on Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lifted their price objective on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, March 30th. Citigroup reissued a “buy” rating and issued a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. Wells Fargo & Company upgraded shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $42.00 in a research note on Wednesday, March 25th. Finally, Wolfe Research raised shares of Enterprise Products Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.94.

Enterprise Products Partners Stock Up 0.1%

Enterprise Products Partners stock opened at $36.77 on Friday. The stock’s 50 day moving average price is $37.75 and its 200 day moving average price is $36.11. Enterprise Products Partners L.P. has a 1-year low of $30.01 and a 1-year high of $40.17. The company has a market cap of $79.49 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.30 and a beta of 0.49. 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 (NYSE:EPD) last released its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (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 return on equity of 19.53% and a net margin of 11.45%.The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 3.01 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a $0.55 dividend. 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 (DPR) is currently 81.48%.

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.