Investor s Fiduciary Advisor Network LLC Makes New $1.15 Million Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Investor s Fiduciary Advisor Network LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,545 shares of the oil and gas producer’s stock, valued at approximately $1,146,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JRM Investment Counsel LLC lifted its holdings in shares of Enterprise Products Partners by 1.0% in the fourth quarter. JRM Investment Counsel LLC now owns 467,179 shares of the oil and gas producer’s stock valued at $14,651,000 after purchasing an additional 4,751 shares in the last quarter. KKM Financial LLC raised its position in Enterprise Products Partners by 4.8% in the 4th quarter. KKM Financial LLC now owns 81,734 shares of the oil and gas producer’s stock valued at $2,563,000 after buying an additional 3,747 shares during the last quarter. Full Sail Capital LLC boosted its holdings in Enterprise Products Partners by 3.9% during the 4th quarter. Full Sail Capital LLC now owns 9,081 shares of the oil and gas producer’s stock worth $285,000 after acquiring an additional 341 shares during the last quarter. Eagle Global Advisors LLC grew its stake in shares of Enterprise Products Partners by 8.4% in the 4th quarter. Eagle Global Advisors LLC now owns 2,166,604 shares of the oil and gas producer’s stock worth $67,945,000 after acquiring an additional 168,100 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Enterprise Products Partners by 44.9% in 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 last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 1.5 %

NYSE:EPD opened at $31.10 on Friday. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The stock’s fifty day moving average price is $31.77 and its two-hundred day moving average price is $32.03. 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 cap of $67.35 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.37 and a beta of 0.67.

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 the consensus estimate of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued 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 is Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Argus raised Enterprise Products Partners to a “strong-buy” rating in a research report on Monday, May 5th. Barclays boosted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. StockNews.com raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.89.

About Enterprise Products Partners

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.