Corps Capital Advisors LLC Acquires Shares of 82,642 Enterprise Products Partners L.P. (NYSE:EPD)

Corps Capital Advisors LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 82,642 shares of the oil and gas producer's stock, valued at approximately $2,592,000. Enterprise Products Partners comprises approximately 2.6% of Corps Capital Advisors LLC's investment portfolio, making the stock its 7th biggest position.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in shares of Enterprise Products Partners by 84.6% in the third quarter. Sequoia Financial Advisors LLC now owns 44,690 shares of the oil and gas producer's stock valued at $1,301,000 after purchasing an additional 20,475 shares in the last quarter. Eastern Bank acquired a new position in Enterprise Products Partners during the third quarter worth $63,000. Symphony Financial Ltd. Co. purchased a new stake in Enterprise Products Partners in the 3rd quarter valued at $201,000. Private Advisor Group LLC increased its stake in shares of Enterprise Products Partners by 3.8% in the 3rd quarter. Private Advisor Group LLC now owns 377,263 shares of the oil and gas producer's stock worth $10,982,000 after acquiring an additional 13,890 shares during the last quarter. Finally, Albert D Mason Inc. raised its holdings in shares of Enterprise Products Partners by 2.6% during the 3rd quarter. Albert D Mason Inc. now owns 38,886 shares of the oil and gas producer's stock worth $1,132,000 after acquiring an additional 1,001 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Scotiabank started coverage on Enterprise Products Partners in a report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target on the stock. in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of "Moderate Buy" and an average price target of $34.70.

Enterprise Products Partners Stock Down 0.4 %

Shares of NYSE EPD traded down $0.13 during mid-day trading on Friday, hitting $33.45. The company had a trading volume of 2,825,615 shares, compared to its average volume of 4,749,041. The business's 50-day simple moving average is $32.60 and its 200 day simple moving average is $30.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The company has a market capitalization of $72.50 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. Enterprise Products Partners L.P. has a 1-year low of $27.26 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.535 per share. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

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.