Lee Financial Co Buys 876 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Lee Financial Co lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,569 shares of the oil and gas producer’s stock after purchasing an additional 876 shares during the quarter. Lee Financial Co’s holdings in Enterprise Products Partners were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Good Life Advisors LLC increased its holdings in shares of Enterprise Products Partners by 21.6% in the 3rd quarter. Good Life Advisors LLC now owns 15,913 shares of the oil and gas producer’s stock worth $463,000 after purchasing an additional 2,828 shares in the last quarter. Stonegate Investment Group LLC increased its holdings in Enterprise Products Partners by 9.3% in the 3rd quarter. Stonegate Investment Group LLC now owns 12,481 shares of the oil and gas producer’s stock worth $363,000 after buying an additional 1,058 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in Enterprise Products Partners by 3.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,602 shares of the oil and gas producer’s stock worth $542,000 after buying an additional 692 shares during the last quarter. Blue Trust Inc. lifted its stake in Enterprise Products Partners by 5.9% during the 3rd quarter. Blue Trust Inc. now owns 79,703 shares of the oil and gas producer’s stock valued at $2,310,000 after acquiring an additional 4,473 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Enterprise Products Partners by 3.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,064,093 shares of the oil and gas producer’s stock valued at $30,976,000 after acquiring an additional 33,228 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $33.52 on Friday. The firm’s 50 day simple moving average is $32.50 and its two-hundred day simple moving average is $30.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company has a market capitalization of $72.65 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.54 and a beta of 1.09. Enterprise Products Partners L.P. has a 1-year low of $26.64 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. Enterprise Products Partners’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Research analysts expect that Enterprise Products Partners L.P. will post 2.87 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. Enterprise Products Partners’s dividend payout ratio (DPR) is 79.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Citigroup raised their price target on Enterprise Products Partners from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Wolfe Research cut Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Finally, Scotiabank started coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a “sector perform” rating and a $33.00 price target for the company. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average price target of $34.70.

Enterprise Products Partners Company 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.