Avior Wealth Management LLC Buys 455 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Avior Wealth Management LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,859 shares of the oil and gas producer’s stock after buying an additional 455 shares during the period. Avior Wealth Management LLC’s holdings in Enterprise Products Partners were worth $286,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in Enterprise Products Partners in the 2nd quarter worth approximately $26,000. Pacific Center for Financial Services bought a new position in Enterprise Products Partners in the 1st quarter worth approximately $27,000. Financial Freedom LLC bought a new position in Enterprise Products Partners in the 4th quarter worth approximately $38,000. Rational Advisors LLC bought a new position in Enterprise Products Partners in the 3rd quarter worth approximately $43,000. Finally, Financial Gravity Asset Management Inc. bought a new position in Enterprise Products Partners in the 3rd quarter worth approximately $48,000. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of EPD stock opened at $28.85 on Friday. The stock’s fifty day simple moving average is $28.36 and its 200 day simple moving average is $27.26. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a market cap of $62.55 billion, a price-to-earnings ratio of 11.45 and a beta of 1.02. Enterprise Products Partners L.P. has a one year low of $25.19 and a one year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. Enterprise Products Partners’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, analysts expect that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EPD shares. Stifel Nicolaus lifted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Mizuho reissued a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Barclays lifted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Finally, Wells Fargo & Company lifted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $32.58.

Enterprise Products Partners 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.