LexAurum Advisors LLC Raises Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

LexAurum Advisors LLC boosted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,899 shares of the oil and gas producer’s stock after purchasing an additional 402 shares during the period. LexAurum Advisors LLC’s holdings in Enterprise Products Partners were worth $304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Enterprise Products Partners by 14.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer’s stock valued at $78,000 after buying an additional 308 shares during the last quarter. Hardy Reed LLC lifted its position in Enterprise Products Partners by 2.2% during the fourth quarter. Hardy Reed LLC now owns 14,710 shares of the oil and gas producer’s stock valued at $461,000 after purchasing an additional 310 shares in the last quarter. Colonial Trust Co SC grew its holdings in Enterprise Products Partners by 44.9% during the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 314 shares during the period. Tidemark LLC increased its position in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 318 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV raised its stake in shares of Enterprise Products Partners by 1.6% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 20,018 shares of the oil and gas producer’s stock worth $628,000 after buying an additional 321 shares during the period. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $31.46 on Monday. The company has a market capitalization of $68.23 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $30.94 and its two-hundred day moving average is $32.25.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The company had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a $0.535 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.80%. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.15%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EPD shares. Barclays reduced their price objective on shares of Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, May 20th. Scotiabank raised their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.67.

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.