Auxano Advisors LLC Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Auxano Advisors LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 8,656 shares of the oil and gas producer’s stock, valued at approximately $228,000.

A number of other institutional investors also recently modified their holdings of EPD. Alps Advisors Inc. increased its holdings in shares of Enterprise Products Partners by 20.2% in the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock valued at $1,038,731,000 after purchasing an additional 6,369,350 shares in the last quarter. Blackstone Inc. increased its stake in shares of Enterprise Products Partners by 12.0% in the 3rd quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock valued at $633,174,000 after buying an additional 2,472,847 shares during the period. American Century Companies Inc. raised its position in shares of Enterprise Products Partners by 14.2% during the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after acquiring an additional 2,155,640 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Enterprise Products Partners by 10.5% during the third quarter. Invesco Ltd. now owns 10,164,886 shares of the oil and gas producer’s stock valued at $278,213,000 after acquiring an additional 969,199 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Enterprise Products Partners by 16.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,634,854 shares of the oil and gas producer’s stock valued at $263,706,000 after acquiring an additional 1,325,390 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Trading Down 1.8 %

NYSE:EPD traded down $0.51 on Tuesday, reaching $28.08. The company’s stock had a trading volume of 8,749,972 shares, compared to its average volume of 5,006,920. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a market cap of $60.88 billion, a PE ratio of 11.20 and a beta of 1.02. The business’s 50-day moving average price is $28.61 and its two-hundred day moving average price is $27.34.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. Enterprise Products Partners’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.34%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EPD. Mizuho restated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Barclays raised their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Stifel Nicolaus upped their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Finally, Scotiabank upped their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.