Central Valley Advisors LLC Takes $237,000 Position in Enterprise Products Partners L.P. (NYSE:EPD)

Central Valley Advisors LLC bought a new stake in Enterprise Products Partners L.P. (NYSE:EPDFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 9,011 shares of the oil and gas producer’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rational Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the 3rd quarter worth about $43,000. Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners during the third quarter worth $48,000. Community Bank N.A. raised its position in Enterprise Products Partners by 68.3% in the 4th quarter. Community Bank N.A. now owns 1,848 shares of the oil and gas producer’s stock valued at $49,000 after buying an additional 750 shares during the last quarter. American National Bank bought a new position in Enterprise Products Partners during the 4th quarter valued at $49,000. Finally, Bear Mountain Capital Inc. purchased a new position in Enterprise Products Partners during the 4th quarter worth $53,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Price Performance

NYSE EPD traded down $0.35 during trading hours on Wednesday, hitting $28.33. The company had a trading volume of 2,305,534 shares, compared to its average volume of 4,845,744. The firm has a 50 day simple moving average of $28.84 and a 200 day simple moving average of $27.49. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99. The firm has a market capitalization of $61.52 billion, a price-to-earnings ratio of 11.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. Enterprise Products Partners’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.27%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.78%.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Wells Fargo & Company lifted their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Finally, Stifel Nicolaus increased their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Enterprise Products Partners has an average rating of “Moderate Buy” and a consensus price target of $32.69.

Get Our Latest Analysis on Enterprise Products Partners

Enterprise Products Partners 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.

See Also

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

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