Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,479,575 shares of the oil and gas producer's stock after selling 626,070 shares during the period. Deutsche Bank AG owned 0.16% of Enterprise Products Partners worth $109,119,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Eagle Global Advisors LLC grew its stake in shares of Enterprise Products Partners by 8.4% in the 4th quarter. Eagle Global Advisors LLC now owns 2,166,604 shares of the oil and gas producer's stock worth $67,945,000 after buying an additional 168,100 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Enterprise Products Partners by 44.9% in the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares during the period. CoreCap Advisors LLC lifted its holdings in Enterprise Products Partners by 11.3% during the fourth quarter. CoreCap Advisors LLC now owns 95,394 shares of the oil and gas producer's stock worth $2,992,000 after buying an additional 9,706 shares during the period. Cornerstone Select Advisors LLC bought a new position in Enterprise Products Partners in the fourth quarter worth about $1,687,000. Finally, Cresset Asset Management LLC increased its position in shares of Enterprise Products Partners by 614.8% during the fourth quarter. Cresset Asset Management LLC now owns 143,296 shares of the oil and gas producer's stock worth $4,494,000 after purchasing an additional 123,248 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

EPD has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. JPMorgan Chase & Co. boosted 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. Morgan Stanley lifted their price target 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. Citigroup dropped their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock traded up $0.31 during midday trading on Wednesday, reaching $32.07. The company had a trading volume of 4,311,381 shares, compared to its average volume of 4,391,349. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. 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 market capitalization of $69.56 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.37 and a beta of 0.67. The firm's fifty day simple moving average is $31.71 and its 200-day simple moving average is $32.07.

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 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 business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Wednesday, April 30th. 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.