BROOKFIELD Corp ON Decreases Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

BROOKFIELD Corp ON reduced its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,570,224 shares of the oil and gas producer's stock after selling 192,361 shares during the quarter. Enterprise Products Partners comprises approximately 0.9% of BROOKFIELD Corp ON's investment portfolio, making the stock its 20th biggest holding. BROOKFIELD Corp ON owned about 0.21% of Enterprise Products Partners worth $143,322,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Brooks Moore & Associates Inc. purchased a new stake in Enterprise Products Partners during the 4th quarter worth approximately $209,000. Blue Capital Inc. acquired a new position in shares of Enterprise Products Partners in the 4th quarter valued at $3,569,000. Cary Street Partners Financial LLC purchased a new position in Enterprise Products Partners in the 4th quarter worth $1,519,000. Chapman Financial Group LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth about $392,000. Finally, BIP Wealth LLC grew its stake in Enterprise Products Partners by 12.3% during the 4th quarter. BIP Wealth LLC now owns 23,691 shares of the oil and gas producer's stock valued at $743,000 after purchasing an additional 2,603 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPD has been the subject of a number of research reports. Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Barclays raised 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. StockNews.com lowered shares of Enterprise Products Partners from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average price target of $36.89.

Enterprise Products Partners Price Performance

Shares of EPD stock traded up $0.32 during mid-day trading on Wednesday, hitting $30.27. 4,401,715 shares of the stock were exchanged, compared to its average volume of 4,379,196. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The firm has a fifty day moving average of $31.87 and a 200 day moving average of $31.99. The company has a market cap of $65.54 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is presently 80.15%.

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.