Capital Advisory Group Advisory Services LLC Raises Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Capital Advisory Group Advisory Services LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,114 shares of the oil and gas producer’s stock after buying an additional 2,415 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Enterprise Products Partners were worth $789,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Enterprise Products Partners by 14.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer’s stock worth $78,000 after acquiring an additional 308 shares during the last quarter. Hardy Reed LLC lifted its position in Enterprise Products Partners by 2.2% during the fourth quarter. Hardy Reed LLC now owns 14,710 shares of the oil and gas producer’s stock valued at $461,000 after buying an additional 310 shares in the last quarter. Colonial Trust Co SC lifted its position in Enterprise Products Partners by 44.9% during 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 buying an additional 314 shares in the last quarter. Tidemark LLC grew its stake in Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 318 shares during the period. Finally, Townsend Asset Management Corp NC ADV increased its position in shares of Enterprise Products Partners by 1.6% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 20,018 shares of the oil and gas producer’s stock worth $628,000 after acquiring an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.7%

NYSE:EPD opened at $31.95 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a 50-day simple moving average of $30.86 and a 200 day simple moving average of $32.24. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The company has a market capitalization of $69.29 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a $0.535 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.70%. Enterprise Products Partners’s payout ratio is currently 80.15%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPD. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Morgan Stanley boosted their price target on 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. Barclays lowered their price objective on shares of Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, May 20th. Finally, Scotiabank lifted their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, June 5th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

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.