Kestra Private Wealth Services LLC Sells 13,807 Shares of Enterprise Products Partners L.P. $EPD

Kestra Private Wealth Services LLC lessened its position in Enterprise Products Partners L.P. (NYSE:EPD) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,651 shares of the oil and gas producer’s stock after selling 13,807 shares during the period. Kestra Private Wealth Services LLC’s holdings in Enterprise Products Partners were worth $4,111,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EPD. PMV Capital Advisers LLC bought a new position in shares of Enterprise Products Partners during the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter worth $31,000. Texas Capital Bancshares Inc TX acquired a new stake in Enterprise Products Partners during the 3rd quarter worth $32,000. Daytona Street Capital LLC bought a new position in Enterprise Products Partners during the fourth quarter worth about $42,000. Finally, Groesbeck Investment Management Corp NJ bought a new position in Enterprise Products Partners during the fourth quarter worth about $45,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on EPD shares. Morgan Stanley restated an “underweight” rating and issued a $43.00 price target (up from $42.00) on shares of Enterprise Products Partners in a report on Wednesday, May 20th. UBS Group reiterated a “buy” rating and issued a $45.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, June 17th. Weiss Ratings upgraded shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Wall Street Zen raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Stifel Nicolaus upped their price target on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Nine 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 data from MarketBeat, Enterprise Products Partners has a consensus rating of “Hold” and an average target price of $39.94.

Enterprise Products Partners Stock Down 0.6%

EPD stock opened at $36.62 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The stock has a market capitalization of $79.15 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.30 and a beta of 0.49. Enterprise Products Partners L.P. has a fifty-two week low of $30.01 and a fifty-two week high of $40.17. The business has a 50-day moving average of $37.80 and a 200-day moving average of $35.96.

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 the consensus estimate of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $13.62 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The company’s revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a $0.55 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.0%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.48%.

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.