Avior Wealth Management LLC Raises Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Avior Wealth Management LLC lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,859 shares of the oil and gas producer’s stock after purchasing an additional 455 shares during the quarter. Avior Wealth Management LLC’s holdings in Enterprise Products Partners were worth $286,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in Enterprise Products Partners during the 2nd quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new position in Enterprise Products Partners during the 1st quarter worth approximately $27,000. Financial Freedom LLC acquired a new position in Enterprise Products Partners during the 4th quarter worth approximately $38,000. Rational Advisors LLC acquired a new position in Enterprise Products Partners during the 3rd quarter worth approximately $43,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in Enterprise Products Partners during the 3rd quarter worth approximately $48,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

EPD stock opened at $28.85 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The firm has a market cap of $62.55 billion, a P/E ratio of 11.45 and a beta of 1.02. Enterprise Products Partners L.P. has a 12-month low of $25.19 and a 12-month high of $29.99. The stock’s 50 day simple moving average is $28.36 and its 200 day simple moving average is $27.26.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 7.14%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 81.75%.

Analyst Ratings Changes

EPD has been the topic of several recent research reports. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Mizuho reaffirmed a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Barclays upped their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research report on Friday, April 5th. Finally, Stifel Nicolaus upped their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $32.58.

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.