Clare Market Investments LLC Invests $518,000 in Enterprise Products Partners L.P. $EPD

Clare Market Investments LLC purchased a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the first quarter, Holdings Channel.com reports. The firm purchased 13,680 shares of the oil and gas producer’s stock, valued at approximately $518,000.

A number of other large investors also recently modified their holdings of EPD. Walker Asset Management LLC boosted its holdings in Enterprise Products Partners by 1.5% during the first quarter. Walker Asset Management LLC now owns 19,974 shares of the oil and gas producer’s stock worth $756,000 after purchasing an additional 296 shares during the last quarter. Hunter Associates Investment Management LLC grew its position in Enterprise Products Partners by 3.8% in the first quarter. Hunter Associates Investment Management LLC now owns 8,106 shares of the oil and gas producer’s stock worth $307,000 after acquiring an additional 300 shares in the last quarter. ORG Wealth Partners LLC raised its stake in shares of Enterprise Products Partners by 0.5% during the fourth quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock worth $2,125,000 after acquiring an additional 317 shares in the last quarter. Mission Wealth Management LP grew its position in Enterprise Products Partners by 1.0% during the 4th quarter. Mission Wealth Management LP now owns 32,348 shares of the oil and gas producer’s stock worth $1,037,000 after acquiring an additional 328 shares during the last quarter. Finally, Montag A & Associates Inc. raised its stake in shares of Enterprise Products Partners by 5.9% during the fourth quarter. Montag A & Associates Inc. now owns 5,880 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 330 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “underweight” rating and issued a $43.00 price objective (up from $42.00) on shares of Enterprise Products Partners in a report on Wednesday, May 20th. TD Cowen restated a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Enterprise Products Partners in a report on Thursday, April 16th. Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Citigroup reaffirmed a “buy” rating and set a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Finally, Royal Bank Of Canada boosted 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 report on Monday, March 30th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.94.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $37.02 on Tuesday. The firm’s fifty day simple moving average is $37.75 and its 200-day simple moving average is $36.14. 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 stock has a market cap of $80.03 billion, a PE ratio of 13.70, a price-to-earnings-growth 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.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $13.62 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post 3.01 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is currently 81.48%.

Enterprise Products Partners Company Profile

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.