Aveo Capital Partners LLC Has $525,000 Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Aveo Capital Partners LLC boosted its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 52.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,755 shares of the oil and gas producer’s stock after buying an additional 5,755 shares during the period. Aveo Capital Partners LLC’s holdings in Enterprise Products Partners were worth $525,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV increased its position in Enterprise Products Partners by 0.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 229,402 shares of the oil and gas producer’s stock worth $7,194,000 after buying an additional 1,267 shares during the last quarter. Spinnaker Trust bought a new stake in Enterprise Products Partners during the fourth quarter valued at about $280,000. Sage Advisors LLC boosted its holdings in Enterprise Products Partners by 1.9% during the fourth quarter. Sage Advisors LLC now owns 186,230 shares of the oil and gas producer’s stock valued at $5,840,000 after acquiring an additional 3,553 shares during the period. Blue Trust Inc. boosted its holdings in Enterprise Products Partners by 10.7% during the fourth quarter. Blue Trust Inc. now owns 88,198 shares of the oil and gas producer’s stock valued at $2,766,000 after acquiring an additional 8,495 shares during the period. Finally, Klingenstein Fields & Co. LP bought a new stake in Enterprise Products Partners during the fourth quarter valued at about $203,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on EPD. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Citigroup upped their price target on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Wolfe Research cut shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. Finally, US Capital Advisors upgraded shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.70.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $33.52 on Friday. Enterprise Products Partners L.P. has a 12-month low of $26.64 and a 12-month 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 firm has a market capitalization of $72.65 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The firm has a 50-day moving average price of $32.50 and a 200 day moving average price of $30.76.

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

Enterprise Products Partners Increases Dividend

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

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.