Cetera Investment Advisers Acquires 66,545 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Cetera Investment Advisers raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 983,926 shares of the oil and gas producer's stock after buying an additional 66,545 shares during the period. Cetera Investment Advisers' holdings in Enterprise Products Partners were worth $30,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EPD. Rosenberg Matthew Hamilton grew its stake in shares of Enterprise Products Partners by 364.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 656 shares during the period. Tidemark LLC grew its position in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after buying an additional 318 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $30,000. Finally, National Bank of Canada FI boosted its stake in Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Barclays upped their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Trading Up 1.5 %

EPD stock traded up $0.46 during mid-day trading on Friday, reaching $31.10. The company's stock had a trading volume of 3,555,303 shares, compared to its average volume of 4,379,030. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The business's 50 day moving average price is $31.77 and its 200 day moving average price is $32.01. The company has a market cap of $67.35 billion, a price-to-earnings ratio of 11.56, 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 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 firm 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 business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.88%. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

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.