Kercheville Advisors LLC Increases Stock Holdings in Enterprise Products Partners L.P. $EPD

Kercheville Advisors LLC raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 129.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 93,320 shares of the oil and gas producer’s stock after acquiring an additional 52,620 shares during the quarter. Enterprise Products Partners makes up about 1.1% of Kercheville Advisors LLC’s holdings, making the stock its 26th largest holding. Kercheville Advisors LLC’s holdings in Enterprise Products Partners were worth $3,531,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in EPD. CENTRAL TRUST Co increased its holdings in shares of Enterprise Products Partners by 13.7% during the first quarter. CENTRAL TRUST Co now owns 30,418 shares of the oil and gas producer’s stock valued at $1,151,000 after acquiring an additional 3,660 shares in the last quarter. Certified Advisory Corp raised its position in shares of Enterprise Products Partners by 21.4% in the 1st quarter. Certified Advisory Corp now owns 108,479 shares of the oil and gas producer’s stock valued at $4,105,000 after purchasing an additional 19,135 shares during the last quarter. Signal Advisors Wealth LLC boosted its stake in Enterprise Products Partners by 53.7% in the 1st quarter. Signal Advisors Wealth LLC now owns 47,859 shares of the oil and gas producer’s stock worth $1,811,000 after purchasing an additional 16,730 shares in the last quarter. Community Bank & Trust Waco Texas purchased a new stake in Enterprise Products Partners during the 1st quarter worth approximately $227,000. Finally, Financial Management Network Inc. purchased a new stake in Enterprise Products Partners during the 1st quarter worth approximately $225,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EPD shares. The Goldman Sachs Group restated a “neutral” rating and set a $38.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Stifel Nicolaus lifted their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group upped their target price on Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Tuesday, March 31st. Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Royal Bank Of Canada lifted their price target on Enterprise Products Partners from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.94.

Enterprise Products Partners Stock Performance

EPD opened at $37.17 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. Enterprise Products Partners L.P. has a 12-month low of $30.01 and a 12-month high of $40.17. The firm has a 50 day moving average of $37.84 and a two-hundred day moving average of $35.90. The firm has a market capitalization of $80.35 billion, a PE ratio of 13.77, a P/E/G ratio of 1.30 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.03). The business had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. On average, analysts anticipate that Enterprise Products Partners L.P. will post 2.98 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a yield of 5.9%. Enterprise Products Partners’s payout ratio is currently 81.48%.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.