Baldwin Investment Management LLC Has $5.88 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Baldwin Investment Management LLC lessened its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,625 shares of the oil and gas producer's stock after selling 10,908 shares during the quarter. Enterprise Products Partners comprises about 0.8% of Baldwin Investment Management LLC's investment portfolio, making the stock its 13th largest position. Baldwin Investment Management LLC's holdings in Enterprise Products Partners were worth $5,884,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EPD. Verity & Verity LLC raised its holdings in Enterprise Products Partners by 30.8% in the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock worth $3,470,000 after purchasing an additional 26,032 shares during the period. Spinnaker Trust bought a new stake in shares of Enterprise Products Partners during the fourth quarter worth $280,000. FourThought Financial Partners LLC raised its holdings in shares of Enterprise Products Partners by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after acquiring an additional 21,970 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Enterprise Products Partners by 7.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock valued at $9,726,000 after acquiring an additional 21,192 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Enterprise Products Partners by 16.2% during the 3rd quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer's stock worth $4,628,000 after purchasing an additional 21,834 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded up $0.02 during mid-day trading on Tuesday, hitting $30.02. 5,116,506 shares of the company's stock traded hands, compared to its average volume of 4,381,882. 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 $31.99 and a two-hundred day simple moving average of $32.01. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The stock has a market cap of $65.02 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.37 and a beta of 0.67.

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

Enterprise Products Partners Announces Dividend

The company 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 annualized dividend and a yield of 7.13%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Analyst Ratings Changes

EPD has been the subject of a number of research reports. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Scotiabank lifted their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Barclays increased their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.