Claro Advisors LLC Sells 827 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Claro Advisors LLC decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,278 shares of the oil and gas producer’s stock after selling 827 shares during the period. Claro Advisors LLC’s holdings in Enterprise Products Partners were worth $796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alps Advisors Inc. raised its holdings in Enterprise Products Partners by 20.2% in the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after purchasing an additional 6,369,350 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Enterprise Products Partners by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after acquiring an additional 2,155,640 shares during the period. Deutsche Bank AG raised its position in shares of Enterprise Products Partners by 2.6% in the 3rd quarter. Deutsche Bank AG now owns 4,884,123 shares of the oil and gas producer’s stock worth $133,678,000 after acquiring an additional 125,450 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Enterprise Products Partners by 2.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,686,444 shares of the oil and gas producer’s stock valued at $123,488,000 after purchasing an additional 109,712 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Enterprise Products Partners by 0.5% during the fourth quarter. Stifel Financial Corp now owns 3,353,572 shares of the oil and gas producer’s stock valued at $88,367,000 after purchasing an additional 16,641 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

EPD stock opened at $28.98 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93. The company has a market capitalization of $62.93 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The company’s fifty day moving average price is $28.52 and its 200-day moving average price is $27.90. Enterprise Products Partners L.P. has a one year low of $25.61 and a one year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.72 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.515 per share. The ex-dividend date was Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a yield of 7.11%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EPD shares. Wells Fargo & Company raised their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 4th. Morgan Stanley dropped their price target on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Scotiabank raised their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 4th. Finally, Mizuho restated a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.77.

Enterprise Products Partners Company Profile

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.