TCG Advisory Services LLC Boosts Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

TCG Advisory Services LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1,175.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 210,127 shares of the oil and gas producer’s stock after buying an additional 193,651 shares during the period. TCG Advisory Services LLC’s holdings in Enterprise Products Partners were worth $5,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chevy Chase Trust Holdings LLC purchased a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $205,000. SVB Wealth LLC grew its stake in Enterprise Products Partners by 23.0% during the third quarter. SVB Wealth LLC now owns 14,935 shares of the oil and gas producer’s stock worth $409,000 after buying an additional 2,793 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Enterprise Products Partners by 0.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 517,826 shares of the oil and gas producer’s stock worth $14,173,000 after acquiring an additional 3,152 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Enterprise Products Partners by 36.9% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,898 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 1,050 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its holdings in shares of Enterprise Products Partners by 5.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 20,646 shares of the oil and gas producer’s stock valued at $565,000 after acquiring an additional 1,037 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on EPD shares. Stifel Nicolaus raised their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Finally, StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $32.75.

Enterprise Products Partners Stock Up 0.2 %

NYSE EPD traded up $0.05 on Friday, hitting $28.10. 3,599,060 shares of the stock traded hands, compared to its average volume of 5,182,867. The company has a market capitalization of $60.93 billion, a P/E ratio of 11.02 and a beta of 1.02. The stock has a 50-day moving average of $28.64 and a 200 day moving average of $27.35. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.33%. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.78%.

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.