Claro Advisors LLC Makes New $723,000 Investment in Enterprise Products Partners LP (NYSE:EPD)

Financial Advisors

Claro Advisors LLC purchased new shares in Enterprise Products Partners LP (NYSE:EPD – Get Rating) in the first quarter, according to a recent disclosure to the Securities and Exchange Commission. The institutional investor purchased 27,934 shares of oil and gas producer stock, worth approximately $723,000.

Many other hedge funds have also changed their EPD holdings. Whitener Capital Management Inc. increased his stake in Enterprise Products Partners by 1.1% in the first quarter. Whitner Capital Management acquired an additional 391 shares last quarter and now owns 35,830 shares in oil and gas producers worth $928,000. Your Advocates Ltd. LLP increased his stake in Enterprise Products Partners by 1.9% during the fourth quarter. Your Advocates Ltd. LLP purchased an additional 399 shares during the period and now owns 21,416 oil and gas producer shares valued at $517,000. Capital Advisors Inc. OK raised his position in Enterprise Products Partners stock by 0.7% in the fourth quarter. Capital Advisors Inc. OK now owns 54,986 shares of the oil and gas producer, valued at $1,326,000, after purchasing an additional 403 shares of him last quarter. Smithbridge Asset Management Inc. DE increased its equity stake in Enterprise Products Partners by 0.4% in the fourth quarter. Smithbridge Asset Management Inc. DE purchased an additional 404 shares during the period and now owns 115,697 shares of the oil and gas producer for $2,791,000. Finally, FSM Wealth Advisors LLC increased its stake in Enterprise Products Partners by 1.1% during the fourth quarter. FSM Wealth Advisors LLC acquired an additional 419 shares during the period and now owns 37,215 oil and gas producer shares valued at $898,000. Currently, 26.54% of the shares are held by institutional investors and hedge funds.

Analyst Rating Change

Recently, several analysts published reports on EPD stocks. Morgan Stanley raised its Enterprise Product Partner price target from $31.00 to $33.00 in a report on Tuesday, April 25. In a report on Thursday, March 9, JPMorgan Chase raised its price target on Enterprise Products Partners stock from $31.00 to $33.00, giving the company an Overweight rating. began coverage of his Enterprise Products Partners stake in a report on Thursday, May 18. They set a “buy” rating for the company. Barclays raised its price target on Enterprise Products Partners stock to $30.00 from $29.00 in a research note on Tuesday, April 18. Finally, in a research note on Thursday, March 30, Mizuho reiterated its Buy rating on Enterprise Products Partners stock and set a price target of $32.00. Two research analysts gave the company a hold rating, eight buys and one strong buy. Based on data, the company’s consensus rating is currently ‘buy medium’ with a consensus price target of $31.00.

1.0% reduction in inventory for enterprise product partners

NYSE:EPD shares opened Friday at $25.78. Enterprise Products Partners LP hit a 52-week low of $22.90 and a 52-week high of $27.36. The company has a market capitalization of $56.06 billion, a P/E of 10.15 times, and a beta of 1.10 times. The company has a debt to equity ratio of 0.98, a quick ratio of 0.72 and a current ratio of 0.93. The company’s 50-day moving average is $26.05 and its 200-day moving average is $25.64.

Enterprise Products Partners (NYSE:EPD – Get Rating) last reported earnings on Tuesday, May 2nd. The oil and gas producer reported earnings per share (EPS) of $0.63 for the quarter, $0.01 above analyst consensus expectations of $0.62. Enterprise Products Partners had a return on equity of 20.49% and a net profit margin of 9.69%. The business had sales of $12.44 billion in the quarter, compared with analyst expectations of $13.75 billion. The company’s EPS was $0.60 in the year-ago quarter. The segment’s revenue for the quarter decreased by 4.3% compared to the same period last year. On average, equity analysts expect Enterprise Products Partners LP’s EPS to hit him at 2.6 this fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid out on Friday, May 12. A dividend of $0.49 per share was issued to shareholders of record on Friday, April 28. This equates to his $1.96 dividend and his 7.60% yield on an annualized basis. The ex-dividend date for this dividend was Thursday, April 27. Enterprise Products Partners’ dividend payout ratio is 77.17%.

Enterprise Product Partner Profile

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Enterprise Products Partners LP operates as a holding company engaged in the production and trading of natural gas and petrochemicals. It operates through the NGL Pipelines and Services, Crude Oil Pipelines and Services, Natural Gas Pipelines and Services, and Petrochemicals and Refined Products Services segments.

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Enterprise Product Partner Quarterly Institutional Ownership (NYSE:EPD)

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