Infrastructure Capital Advisors LLC Has $58.59 Million Position in Enterprise Products Partners L.P. $EPD

Infrastructure Capital Advisors LLC boosted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 15.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,548,308 shares of the oil and gas producer’s stock after buying an additional 207,566 shares during the period. Enterprise Products Partners accounts for about 4.1% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Infrastructure Capital Advisors LLC’s holdings in Enterprise Products Partners were worth $58,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP lifted its stake in shares of Enterprise Products Partners by 60.3% during the 1st quarter. Quantinno Capital Management LP now owns 139,100 shares of the oil and gas producer’s stock worth $5,264,000 after purchasing an additional 52,313 shares during the last quarter. Lazard Asset Management LLC grew its stake in Enterprise Products Partners by 14.6% in the first quarter. Lazard Asset Management LLC now owns 14,129 shares of the oil and gas producer’s stock valued at $535,000 after purchasing an additional 1,797 shares during the last quarter. Family Manage LLC raised its holdings in Enterprise Products Partners by 15.6% in the first quarter. Family Manage LLC now owns 20,398 shares of the oil and gas producer’s stock worth $772,000 after purchasing an additional 2,756 shares in the last quarter. Gateway Wealth Partners LLC bought a new position in Enterprise Products Partners in the first quarter worth about $409,000. Finally, Royal Capital Wealth Management LLC lifted its position in shares of Enterprise Products Partners by 29.0% during the first quarter. Royal Capital Wealth Management LLC now owns 10,506 shares of the oil and gas producer’s stock valued at $398,000 after buying an additional 2,362 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

EPD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group reissued a “buy” rating and set a $45.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, June 17th. Royal Bank Of Canada raised their target price on shares of Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, March 30th. Weiss Ratings lowered shares of Enterprise Products Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 2nd. Finally, Jefferies Financial Group upped their price target on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.93.

Enterprise Products Partners Stock Performance

EPD opened at $38.15 on Tuesday. The company has a market cap of $82.46 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.49. The company has a quick ratio of 0.61, a current ratio of 0.91 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average price is $37.65 and its 200-day moving average price is $36.82. Enterprise Products Partners L.P. has a 52-week low of $30.01 and a 52-week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion during the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.93 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.56 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, July 31st. Enterprise Products Partners’s dividend payout ratio is 82.96%.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.