Howard Financial Services LTD. Buys 1,371 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Howard Financial Services LTD. raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 87,675 shares of the oil and gas producer’s stock after acquiring an additional 1,371 shares during the quarter. Howard Financial Services LTD.’s holdings in Enterprise Products Partners were worth $2,558,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EPD. Hazlett Burt & Watson Inc. increased its stake in Enterprise Products Partners by 8.2% in 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 increased its stake in Enterprise Products Partners by 1.9% in the fourth quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock valued at $558,000 after acquiring an additional 393 shares during the period. Register Financial Advisors LLC increased its stake in Enterprise Products Partners by 2.3% in 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. Eaton Financial Holdings Company LLC increased its stake in Enterprise Products Partners by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 34,738 shares of the oil and gas producer’s stock valued at $915,000 after acquiring an additional 420 shares during the period. Finally, Your Advocates Ltd. LLP increased its stake in Enterprise Products Partners by 1.9% in the fourth quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock valued at $604,000 after acquiring an additional 425 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. Barclays upped their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Finally, StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $32.77.

Enterprise Products Partners Trading Up 0.3 %

NYSE EPD traded up $0.08 during trading hours on Friday, hitting $28.98. The company’s stock had a trading volume of 2,736,664 shares, compared to its average volume of 4,496,138. The stock has a fifty day moving average of $28.50 and a 200 day moving average of $27.85. Enterprise Products Partners L.P. has a twelve month low of $25.61 and a twelve month high of $29.99. The firm has a market capitalization of $62.93 billion, a P/E ratio of 11.34, a PEG ratio of 1.35 and a beta of 1.03. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data 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 net margin of 10.76% and a return on equity of 19.73%. The business had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Enterprise Products Partners’s revenue was up 18.6% compared to the same quarter last year. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.73 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were issued a $0.515 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.11%. 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.