Chase Investment Counsel Corp Buys 465 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Chase Investment Counsel Corp increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,423 shares of the oil and gas producer’s stock after acquiring an additional 465 shares during the quarter. Chase Investment Counsel Corp’s holdings in Enterprise Products Partners were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EPD. Rational Advisors LLC acquired a new position in Enterprise Products Partners during the 3rd quarter worth $43,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners during the third quarter worth $48,000. Community Bank N.A. raised its position in shares of Enterprise Products Partners by 68.3% during the fourth quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 750 shares during the last quarter. Bear Mountain Capital Inc. acquired a new position in shares of Enterprise Products Partners during the fourth quarter valued at $53,000. Finally, Headinvest LLC bought a new position in Enterprise Products Partners in the third quarter valued at about $62,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EPD. Stifel Nicolaus raised 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 note on Friday, February 2nd. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Scotiabank upped their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Barclays raised their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Buy” and a consensus price target of $32.58.

Enterprise Products Partners Stock Down 1.5 %

NYSE:EPD opened at $28.62 on Tuesday. The stock has a market cap of $62.04 billion, a price-to-earnings ratio of 11.36 and a beta of 1.02. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $28.61 and a two-hundred day moving average price of $27.34. Enterprise Products Partners L.P. has a 1 year low of $25.19 and a 1 year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $14.62 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. As a group, equities analysts expect that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.20%. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

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.