Creative Financial Designs Inc. ADV Raises Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Creative Financial Designs Inc. ADV raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,393 shares of the oil and gas producer’s stock after buying an additional 3,756 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Enterprise Products Partners were worth $1,413,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EPD. Security National Bank bought a new position in shares of Enterprise Products Partners during the first quarter valued at about $30,000. Alpine Bank Wealth Management purchased a new position in Enterprise Products Partners during the 1st quarter valued at about $31,000. Tidemark LLC raised its position in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Enterprise Products Partners in the 4th quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $30,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 1.1%

NYSE:EPD opened at $31.09 on Friday. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a market capitalization of $67.43 billion, a PE ratio of 11.64, a P/E/G ratio of 1.27 and a beta of 0.65. The firm’s 50-day moving average price is $31.21 and its 200-day moving average price is $32.09. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $14.14 billion. During the same quarter last year, the company posted $0.66 EPS. Enterprise Products Partners’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Argus upgraded Enterprise Products Partners to a “strong-buy” rating in a report on Monday, May 5th. Scotiabank upped their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Morgan Stanley raised their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Finally, Barclays decreased their price target 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. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Moderate Buy” and an average price target of $36.67.

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.