Mather Group LLC. Purchases 557 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Mather Group LLC. increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,829 shares of the oil and gas producer’s stock after purchasing an additional 557 shares during the period. Mather Group LLC.’s holdings in Enterprise Products Partners were worth $916,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Security National Bank bought a new position in Enterprise Products Partners in the 1st quarter worth about $30,000. Alpine Bank Wealth Management bought a new position in Enterprise Products Partners in the 1st quarter worth about $31,000. Tidemark LLC boosted its stake in Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth about $29,000. Finally, Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth about $30,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EPD. Barclays dropped their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley upped their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th. Citigroup lowered their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Four 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.56.

Enterprise Products Partners Price Performance

NYSE EPD opened at $31.41 on Thursday. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The firm has a market capitalization of $68.13 billion, a P/E ratio of 11.76, a PEG ratio of 1.29 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $31.25 and a 200-day moving average price of $32.06.

Enterprise Products Partners (NYSE:EPD) last released its quarterly 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 net margin of 10.26% and a return on equity of 19.90%. The business had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $14.14 billion. During the same period in the previous year, the company earned $0.66 EPS. Enterprise Products Partners’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.81%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio 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.