Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Endurance Wealth Management Inc.

Endurance Wealth Management Inc. raised its position in Enterprise Products Partners L.P. (NYSE:EPD) by 6.0% during the 1st quarter, Holdings Channel reports. The firm owned 14,080 shares of the oil and gas producer’s stock after acquiring an additional 800 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Enterprise Products Partners were worth $310,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Morgan Stanley lifted its position in shares of Enterprise Products Partners by 0.3% in the fourth quarter. Morgan Stanley now owns 17,933,855 shares of the oil and gas producer’s stock valued at $351,325,000 after acquiring an additional 54,170 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Enterprise Products Partners by 0.4% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 10,233,876 shares of the oil and gas producer’s stock valued at $200,473,000 after acquiring an additional 40,900 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Enterprise Products Partners by 5.3% in the fourth quarter. Clearbridge Investments LLC now owns 9,783,342 shares of the oil and gas producer’s stock valued at $191,656,000 after acquiring an additional 493,805 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Enterprise Products Partners by 7.5% in the fourth quarter. Principal Financial Group Inc. now owns 6,294,457 shares of the oil and gas producer’s stock valued at $123,308,000 after acquiring an additional 438,860 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in Enterprise Products Partners by 16.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 4,739,232 shares of the oil and gas producer’s stock worth $92,841,000 after buying an additional 653,492 shares during the period. Institutional investors and hedge funds own 30.51% of the company’s stock.

EPD stock opened at $23.89 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 1.12. Enterprise Products Partners L.P. has a 1 year low of $14.90 and a 1 year high of $24.13. The firm has a market cap of $52.20 billion, a P/E ratio of 11.60 and a beta of 1.38. The stock has a 50-day simple moving average of $22.95 and a 200-day simple moving average of $21.27.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Sunday, May 2nd. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. Enterprise Products Partners had a return on equity of 17.76% and a net margin of 16.10%. The business had revenue of $9.16 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 12th. Stockholders of record on Friday, April 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, April 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.53%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 83.72%.

EPD has been the topic of several recent analyst reports. TD Securities initiated coverage on Enterprise Products Partners in a research report on Tuesday, April 13th. They set a “buy” rating and a $28.00 target price on the stock. Mizuho increased their target price on Enterprise Products Partners from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. Morgan Stanley increased their target price on Enterprise Products Partners from $29.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. Finally, Wells Fargo & Company increased their target price on Enterprise Products Partners from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $25.50.

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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