SRS Capital Advisors Inc. Reduces Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

SRS Capital Advisors Inc. decreased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,521 shares of the oil and gas producer’s stock after selling 439 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Enterprise Products Partners were worth $330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rational Advisors LLC acquired a new position in Enterprise Products Partners during the 3rd quarter worth $43,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners in the 3rd quarter worth $48,000. Community Bank N.A. raised its position in shares of Enterprise Products Partners by 68.3% during the fourth 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 during the period. Bear Mountain Capital Inc. acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $53,000. Finally, Headinvest LLC acquired a new stake in shares of Enterprise Products Partners during the third quarter worth $62,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.2 %

NYSE EPD traded up $0.05 on Friday, reaching $28.10. The stock had a trading volume of 3,599,060 shares, compared to its average volume of 5,182,867. The business has a 50 day moving average price of $28.64 and a 200 day moving average price 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 1 year low of $25.19 and a 1 year high of $29.99. The company has a market capitalization of $60.93 billion, a price-to-earnings ratio of 11.02 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results 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. The company 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 19.75% and a net margin of 10.76%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.7 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

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 given a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.33%. Enterprise Products Partners’s dividend payout ratio is presently 80.78%.

Wall Street Analyst Weigh In

EPD has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays boosted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Mizuho reissued a “buy” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Finally, Scotiabank upped their price target 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. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $32.75.

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.