Howard Financial Services LTD. Boosts Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Howard Financial Services LTD. lifted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 1.5% during the 1st quarter, Holdings Channel reports. The firm owned 93,631 shares of the oil and gas producer’s stock after acquiring an additional 1,423 shares during the period. Howard Financial Services LTD.’s holdings in Enterprise Products Partners were worth $3,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EPD. Kayne Anderson Capital Advisors LP grew its holdings in shares of Enterprise Products Partners by 16.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer’s stock worth $426,125,000 after purchasing an additional 1,947,017 shares during the last quarter. Barclays PLC grew its holdings in shares of Enterprise Products Partners by 110.0% in the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer’s stock worth $73,699,000 after purchasing an additional 1,326,010 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer’s stock worth $330,739,000 after purchasing an additional 851,188 shares during the last quarter. Finally, KDK Private Wealth Management LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $22,333,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Scotiabank lifted their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. JPMorgan Chase & Co. lifted their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, Morgan Stanley lifted their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.56.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $31.24 on Friday. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The stock has a market cap of $67.75 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company’s fifty day moving average price is $31.28 and its 200-day moving average price is $32.24.

Enterprise Products Partners (NYSE:EPD) last announced 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). Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter last year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

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.