D.A. Davidson & CO. Boosts Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

D.A. Davidson & CO. grew its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491,515 shares of the oil and gas producer's stock after purchasing an additional 21,014 shares during the quarter. D.A. Davidson & CO.'s holdings in Enterprise Products Partners were worth $15,414,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Verity & Verity LLC boosted its stake in Enterprise Products Partners by 30.8% during the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock worth $3,470,000 after acquiring an additional 26,032 shares in the last quarter. Spinnaker Trust purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $280,000. Paragon Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter valued at about $2,628,000. FMR LLC raised its holdings in shares of Enterprise Products Partners by 9.3% in the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock valued at $420,037,000 after purchasing an additional 1,225,988 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Enterprise Products Partners by 61.7% in the third quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock valued at $3,954,000 after purchasing an additional 51,809 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EPD shares. Scotiabank started coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price for the company. Citigroup increased their target price 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. Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Finally, Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.70.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock traded down $0.18 during mid-day trading on Friday, hitting $33.41. 5,511,541 shares of the company traded hands, compared to its average volume of 4,835,167. Enterprise Products Partners L.P. has a one year low of $27.26 and a one year high of $34.63. The stock has a market cap of $72.41 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a fifty day moving average price of $32.60 and a 200-day moving average price of $30.89.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the previous year, the business posted $0.72 earnings per share. Enterprise Products Partners's revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a yield of 6.41%. Enterprise Products Partners's payout ratio is presently 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.