Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Charles Schwab Trust Co

Charles Schwab Trust Co increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 6.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 69,900 shares of the oil and gas producer’s stock after acquiring an additional 4,382 shares during the period. Charles Schwab Trust Co’s holdings in Enterprise Products Partners were worth $2,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $28,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Enterprise Products Partners in the 3rd quarter valued at approximately $48,000. Livelsberger Financial Advisory acquired a new position in shares of Enterprise Products Partners in the 4th quarter valued at approximately $49,000. Community Bank N.A. raised its position in shares of 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 purchasing an additional 750 shares in the last quarter. Finally, American National Bank acquired a new position in shares of Enterprise Products Partners in the 4th quarter valued at approximately $49,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EPD shares. Scotiabank upped their target price 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. 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. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 4th. Wells Fargo & Company upped their price target 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, Morgan Stanley dropped their price target on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.77.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded up $0.12 on Tuesday, hitting $29.10. The company’s stock had a trading volume of 456,316 shares, compared to its average volume of 4,519,618. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $29.99. The company has a market capitalization of $63.19 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.03. The stock’s 50-day moving average is $28.48 and its two-hundred day moving average is $27.82. 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:EPD) last announced its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter last year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.73 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid 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 yield of 7.08%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

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.