Founders Financial Alliance LLC Has $201,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Founders Financial Alliance LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 26.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,418 shares of the oil and gas producer’s stock after selling 2,259 shares during the quarter. Founders Financial Alliance LLC’s holdings in Enterprise Products Partners were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EPD. Briaud Financial Planning Inc acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth $62,000. Davis R M Inc. raised its holdings in Enterprise Products Partners by 33.3% during the fourth quarter. Davis R M Inc. now owns 15,371 shares of the oil and gas producer’s stock valued at $482,000 after buying an additional 3,840 shares in the last quarter. Claris Advisors LLC MO lifted its position in shares of Enterprise Products Partners by 1,471.4% in the fourth quarter. Claris Advisors LLC MO now owns 11,000 shares of the oil and gas producer’s stock worth $345,000 after buying an additional 10,300 shares during the last quarter. Clare Market Investments LLC bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth about $440,000. Finally, Independent Advisor Alliance increased its holdings in shares of Enterprise Products Partners by 5.5% during the 4th quarter. Independent Advisor Alliance now owns 138,164 shares of the oil and gas producer’s stock valued at $4,333,000 after acquiring an additional 7,224 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $33.18 on Wednesday. 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 firm has a 50 day simple moving average of $33.14 and a 200 day simple moving average of $31.33. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The firm has a market cap of $71.85 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share 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 business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. Enterprise Products Partners’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.45%. Enterprise Products Partners’s payout ratio is 79.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EPD shares. Scotiabank boosted their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Morgan Stanley raised their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Finally, Citigroup reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Four research 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. According to data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and an average price target of $35.30.

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.