Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 822.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,919 shares of the oil and gas producer's stock after buying an additional 67,687 shares during the period. Aptus Capital Advisors LLC's holdings in Enterprise Products Partners were worth $2,381,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EPD. Atalanta Sosnoff Capital LLC grew its position in Enterprise Products Partners by 33.3% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 40,000 shares of the oil and gas producer's stock worth $1,254,000 after purchasing an additional 10,000 shares during the last quarter. Pennington Partners & CO. LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter valued at $551,000. Hutner Capital Management Inc. increased its position in shares of Enterprise Products Partners by 13.9% in the fourth quarter. Hutner Capital Management Inc. now owns 102,654 shares of the oil and gas producer's stock worth $3,219,000 after acquiring an additional 12,545 shares in the last quarter. South Plains Financial Inc. acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $131,000. Finally, Mercer Global Advisors Inc. ADV boosted its position in Enterprise Products Partners by 42.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 411,024 shares of the oil and gas producer's stock worth $12,890,000 after acquiring an additional 122,338 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Up 1.2 %

Shares of NYSE EPD traded up $0.38 during trading hours on Friday, hitting $31.02. 1,634,746 shares of the company traded hands, compared to its average volume of 4,368,961. The company's 50 day moving average price is $31.81 and its 200 day moving average price is $32.00. The stock has a market capitalization of $67.18 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same period in the previous year, the company posted $0.66 EPS. Enterprise Products Partners's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.90%. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

Analyst Ratings Changes

EPD has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Scotiabank boosted their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Morgan Stanley lifted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Barclays lifted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Friday, March 14th. Finally, Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.89.

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.