Chapman Financial Group LLC Makes New $392,000 Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Chapman Financial Group LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,498 shares of the oil and gas producer's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EPD. Rosenberg Matthew Hamilton increased its position in Enterprise Products Partners by 364.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after buying an additional 656 shares in the last quarter. Tidemark LLC lifted its holdings in Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter worth $30,000. Finally, National Bank of Canada FI raised its position in shares of 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 valued at $32,000 after purchasing an additional 360 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Argus raised Enterprise Products Partners to a "strong-buy" rating in a report on Monday. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Finally, Morgan Stanley boosted their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Trading Up 1.1 %

NYSE EPD traded up $0.32 during trading hours on Wednesday, hitting $30.27. 4,401,715 shares of the company were exchanged, compared to its average volume of 4,379,196. The stock 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 L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The stock has a 50-day moving average price of $31.94 and a 200 day moving average price of $32.00. 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 (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $0.535 dividend. 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 (DPR) is currently 80.15%.

Enterprise Products Partners 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.