Avantax Planning Partners Inc. Sells 730 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Avantax Planning Partners Inc. reduced its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,763 shares of the oil and gas producer’s stock after selling 730 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Enterprise Products Partners were worth $494,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. lifted its stake in shares of Enterprise Products Partners by 8.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 371 shares during the period. Ellsworth Advisors LLC increased its stake in shares of Enterprise Products Partners by 1.9% in the 4th 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 in the last quarter. Register Financial Advisors LLC boosted its stake in Enterprise Products Partners by 2.3% during the fourth quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after acquiring an additional 397 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Enterprise Products Partners by 1.2% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 34,468 shares of the oil and gas producer’s stock valued at $943,000 after purchasing an additional 424 shares in the last quarter. Finally, Your Advocates Ltd. LLP boosted its position in shares of Enterprise Products Partners by 1.9% during the 4th quarter. Your Advocates Ltd. LLP now owns 22,906 shares of the oil and gas producer’s stock worth $604,000 after purchasing an additional 425 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock remained flat at $28.21 on Friday. 3,719,763 shares of the stock were exchanged, compared to its average volume of 4,503,887. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. The stock has a market cap of $61.26 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.32 and a beta of 1.02. The business has a 50 day moving average of $28.82 and a 200 day moving average of $27.52. Enterprise Products Partners L.P. has a 1 year low of $25.19 and a 1 year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $13.82 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 80.78%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EPD. JPMorgan Chase & Co. dropped their price target on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Barclays boosted their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Scotiabank raised their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Stifel Nicolaus raised their price target on shares of 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 investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.69.

Enterprise Products Partners Company Profile

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.