Golden State Equity Partners Purchases 2,454 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Golden State Equity Partners raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,887 shares of the oil and gas producer’s stock after purchasing an additional 2,454 shares during the period. Golden State Equity Partners’ holdings in Enterprise Products Partners were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its holdings in Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after acquiring an additional 371 shares during the period. Ellsworth Advisors LLC raised its holdings in Enterprise Products Partners by 1.9% during the third quarter. Ellsworth Advisors LLC now owns 20,780 shares of the oil and gas producer’s stock valued at $573,000 after acquiring an additional 380 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Enterprise Products Partners by 3.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock valued at $328,000 after acquiring an additional 386 shares during the period. Register Financial Advisors LLC raised its holdings in Enterprise Products Partners by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock valued at $456,000 after acquiring an additional 397 shares during the period. Finally, Your Advocates Ltd. LLP raised its holdings in Enterprise Products Partners by 1.9% during the third quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock valued at $615,000 after acquiring an additional 412 shares during the period. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Stock Up 0.4 %

NYSE:EPD traded up $0.13 during trading hours on Friday, reaching $29.06. The company’s stock had a trading volume of 7,621,520 shares, compared to its average volume of 4,698,358. The company has a market capitalization of $63.01 billion, a P/E ratio of 11.53 and a beta of 1.02. Enterprise Products Partners L.P. has a 12 month low of $25.19 and a 12 month high of $29.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The stock has a 50 day moving average price of $28.58 and a two-hundred day moving average price of $27.33.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EPD. Mizuho restated a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. 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. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research report on Friday, April 5th. 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. Finally, 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. Two 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. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of “Buy” and an average price target of $32.58.

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.