Enterprise Products Partners L.P. (NYSE:EPD) Stock Holdings Increased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPD) by 247.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,698 shares of the oil and gas producer’s stock after buying an additional 62,446 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Enterprise Products Partners were worth $3,000,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. FourThought Financial Partners LLC grew its holdings in shares of Enterprise Products Partners by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer’s stock valued at $4,407,000 after purchasing an additional 21,970 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Enterprise Products Partners by 7.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer’s stock valued at $9,726,000 after purchasing an additional 21,192 shares during the last quarter. Trek Financial LLC bought a new position in shares of Enterprise Products Partners during the fourth quarter valued at approximately $3,405,000. Cerity Partners LLC grew its holdings in shares of Enterprise Products Partners by 18.9% during the fourth quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer’s stock valued at $14,661,000 after purchasing an additional 74,710 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of 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 valued at $78,000 after purchasing an additional 308 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Barclays reduced their price objective on 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. Citigroup reduced their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.67.

Enterprise Products Partners Stock Performance

EPD opened at $31.14 on Thursday. The company has a market capitalization of $67.53 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. 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 L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The business has a 50 day moving average price of $31.10 and a two-hundred day moving average price of $32.17.

Enterprise Products Partners (NYSE:EPD) last released its earnings results 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). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. Research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.87%. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.15%.

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.