Clare Market Investments LLC Invests $518,000 in Enterprise Products Partners L.P. $EPD

Clare Market Investments LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,680 shares of the oil and gas producer’s stock, valued at approximately $518,000.

A number of other institutional investors also recently added to or reduced their stakes in EPD. Sather Financial Group Inc increased its position in shares of Enterprise Products Partners by 8.3% during the first quarter. Sather Financial Group Inc now owns 12,313 shares of the oil and gas producer’s stock valued at $466,000 after purchasing an additional 942 shares during the period. Burney Co. increased its holdings in Enterprise Products Partners by 4.0% in the 1st quarter. Burney Co. now owns 17,135 shares of the oil and gas producer’s stock valued at $648,000 after buying an additional 666 shares during the period. Integrated Advisors Network LLC raised its stake in shares of Enterprise Products Partners by 22.6% in the 1st quarter. Integrated Advisors Network LLC now owns 41,376 shares of the oil and gas producer’s stock valued at $1,566,000 after buying an additional 7,619 shares in the last quarter. Intrinsic Value Partners LLC acquired a new position in shares of Enterprise Products Partners in the 1st quarter valued at $227,000. Finally, Arbor Investment Advisors LLC bought a new position in shares of Enterprise Products Partners during the 1st quarter worth about $225,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of analyst reports. 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. Scotiabank reissued a “sector perform” rating and issued a $40.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Tuesday, May 12th. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating and issued a $45.00 target price on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $38.00 price target on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of “Hold” and an average price target of $39.94.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $37.02 on Tuesday. 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 fifty day simple moving average of $37.75 and a 200 day simple moving average of $36.14. The stock has a market capitalization of $80.03 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.30 and a beta of 0.49. Enterprise Products Partners L.P. has a 12 month low of $30.01 and a 12 month high of $40.17.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company 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%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. Research analysts forecast that Enterprise Products Partners L.P. will post 3.01 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, April 30th. 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.