Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Nwam LLC

Nwam LLC lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 25.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,822 shares of the oil and gas producer’s stock after acquiring an additional 4,184 shares during the period. Nwam LLC’s holdings in Enterprise Products Partners were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Delta Investment Management LLC increased its position in shares of Enterprise Products Partners by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 286,208 shares of the oil and gas producer’s stock valued at $8,352,000 after acquiring an additional 8,830 shares during the period. Eagle Bay Advisors LLC increased its position in shares of Enterprise Products Partners by 36.3% in the 1st quarter. Eagle Bay Advisors LLC now owns 5,451 shares of the oil and gas producer’s stock valued at $159,000 after acquiring an additional 1,451 shares during the period. WP Advisors LLC increased its position in shares of Enterprise Products Partners by 2.6% in the 1st quarter. WP Advisors LLC now owns 321,984 shares of the oil and gas producer’s stock valued at $9,395,000 after acquiring an additional 8,031 shares during the period. MAI Capital Management increased its position in shares of Enterprise Products Partners by 9.6% in the 1st quarter. MAI Capital Management now owns 536,175 shares of the oil and gas producer’s stock valued at $15,646,000 after acquiring an additional 47,105 shares during the period. Finally, Sheets Smith Wealth Management grew its position in Enterprise Products Partners by 10.2% during the 1st quarter. Sheets Smith Wealth Management now owns 269,510 shares of the oil and gas producer’s stock worth $7,864,000 after purchasing an additional 25,000 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays increased 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. Mizuho reaffirmed a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Morgan Stanley cut their price target on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Scotiabank increased their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. Finally, Wells Fargo & Company increased their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $32.77.

Enterprise Products Partners Trading Up 0.6 %

Shares of Enterprise Products Partners stock opened at $30.00 on Friday. The firm has a market capitalization of $65.15 billion, a PE ratio of 11.76, a P/E/G ratio of 1.40 and a beta of 1.04. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $30.04. The firm’s 50-day moving average price is $28.75 and its 200 day moving average price is $28.21. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. Enterprise Products Partners’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 7.00%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 80.78%.

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.