Paragon Capital Management Ltd Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Paragon Capital Management Ltd bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 15,000 shares of the oil and gas producer's stock, valued at approximately $470,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sendero Wealth Management LLC increased its position in Enterprise Products Partners by 54.4% during the 4th quarter. Sendero Wealth Management LLC now owns 14,195 shares of the oil and gas producer's stock worth $445,000 after purchasing an additional 5,000 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of Enterprise Products Partners by 4.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 8,161 shares of the oil and gas producer's stock worth $256,000 after buying an additional 329 shares in the last quarter. ARS Wealth Advisors Group LLC lifted its stake in shares of Enterprise Products Partners by 16.1% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 8,149 shares of the oil and gas producer's stock valued at $256,000 after acquiring an additional 1,130 shares during the last quarter. Burney Co. boosted its holdings in shares of Enterprise Products Partners by 25.6% during the 4th quarter. Burney Co. now owns 15,626 shares of the oil and gas producer's stock valued at $490,000 after acquiring an additional 3,186 shares in the last quarter. Finally, R.H. Investment Group LLC bought a new stake in Enterprise Products Partners during the 4th quarter worth $376,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 1.0 %

EPD traded up $0.35 during trading on Thursday, hitting $33.69. The company's stock had a trading volume of 2,988,168 shares, compared to its average volume of 3,821,346. The firm has a market capitalization of $73.01 billion, a P/E ratio of 12.62, a PEG ratio of 1.57 and a beta of 1.09. Enterprise Products Partners L.P. has a twelve month low of $26.12 and a twelve month high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock's fifty day moving average price is $31.94 and its 200-day moving average price is $30.17.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The company had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.535 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Friday, January 31st. Enterprise Products Partners's dividend payout ratio is 78.65%.

Analyst Upgrades and Downgrades

Several research firms have commented on EPD. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Scotiabank assumed coverage on shares of Enterprise Products Partners in a research report on Friday, January 10th. They issued a "sector perform" rating and a $33.00 price target for the company. Bank of America began coverage on shares of Enterprise Products Partners in a report on Thursday, October 17th. They set a "buy" rating and a $35.00 price target on the stock. Finally, US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Four 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.60.

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.