Valeo Financial Advisors LLC Trims Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Valeo Financial Advisors LLC lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 0.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 99,052 shares of the oil and gas producer’s stock after selling 479 shares during the period. Valeo Financial Advisors LLC’s holdings in Enterprise Products Partners were worth $2,890,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. increased its position in shares of Enterprise Products Partners by 20.2% during the third quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock valued at $1,038,731,000 after buying an additional 6,369,350 shares during the period. American Century Companies Inc. boosted its holdings in Enterprise Products Partners by 14.2% in the third quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after acquiring an additional 2,155,640 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Enterprise Products Partners by 2.6% during the third quarter. Deutsche Bank AG now owns 4,884,123 shares of the oil and gas producer’s stock valued at $133,678,000 after acquiring an additional 125,450 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Enterprise Products Partners by 2.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,686,444 shares of the oil and gas producer’s stock worth $123,488,000 after purchasing an additional 109,712 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Enterprise Products Partners by 0.5% in the 4th quarter. Stifel Financial Corp now owns 3,353,572 shares of the oil and gas producer’s stock worth $88,367,000 after purchasing an additional 16,641 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of EPD traded up $0.02 during mid-day trading on Wednesday, reaching $29.06. The stock had a trading volume of 2,235,170 shares, compared to its average volume of 4,451,089. The firm has a market cap of $63.11 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.35 and a beta of 1.04. Enterprise Products Partners L.P. has a 12 month low of $25.61 and a 12 month high of $29.99. The business has a fifty day moving average of $28.52 and a 200 day moving average of $27.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same quarter in the prior year, the business posted $0.64 EPS. Enterprise Products Partners’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts predict that Enterprise Products Partners L.P. will post 2.72 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s payout ratio is currently 80.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays increased their price objective 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. Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Thursday, April 4th. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. reduced their price objective on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Finally, Wells Fargo & Company raised their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of “Buy” and an average price target of $32.77.

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.