Cadent Capital Advisors LLC Makes New Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Cadent Capital Advisors LLC acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,648 shares of the oil and gas producer’s stock, valued at approximately $223,000.

Several other institutional investors have also modified their holdings of the business. Burkett Financial Services LLC bought a new stake in Enterprise Products Partners in the 4th quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners in the 3rd quarter valued at approximately $48,000. Community Bank N.A. raised its stake in shares of Enterprise Products Partners by 68.3% during the 4th quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 750 shares in the last quarter. American National Bank bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $49,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $49,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded down $0.01 during trading on Friday, reaching $28.57. 4,848,147 shares of the company traded hands, compared to its average volume of 2,650,379. The company’s 50 day moving average is $28.47 and its two-hundred day moving average is $27.79. The firm has a market capitalization of $62.04 billion, a PE ratio of 11.20, a PEG ratio of 1.33 and a beta of 1.03. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. Enterprise Products Partners L.P. has a 52 week low of $25.61 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.73 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.21%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Barclays boosted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Morgan Stanley decreased their target price on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Finally, Wells Fargo & Company boosted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.77.

Read Our Latest Stock Report on EPD

Enterprise Products Partners Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.