Deutsche Bank AG Sells 626,070 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Deutsche Bank AG cut its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent 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 about 0.16% of Enterprise Products Partners worth $109,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EPD. Kayne Anderson Capital Advisors LP raised its holdings in shares of Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock worth $426,125,000 after buying an additional 1,947,017 shares in the last quarter. Barclays PLC raised its position in Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after purchasing an additional 1,326,010 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Enterprise Products Partners in the 4th quarter valued at $36,279,000. KDK Private Wealth Management LLC bought a new position in Enterprise Products Partners in the 4th quarter valued at $22,333,000. Finally, Strategic Financial Concepts LLC raised its position in Enterprise Products Partners by 3,884.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock valued at $21,414,000 after purchasing an additional 665,716 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Up 1.5%

Shares of Enterprise Products Partners stock traded up $0.46 during trading on Friday, reaching $31.10. 3,555,303 shares of the company were exchanged, compared to its average volume of 4,375,596. 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 twelve month low of $27.37 and a twelve month high of $34.63. The business has a 50-day moving average price of $31.77 and a 200-day moving average price of $32.05. The firm has a market capitalization of $67.35 billion, a price-to-earnings ratio of 11.56, 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 quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS 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 company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same period last year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.88%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EPD. JPMorgan Chase & Co. lifted their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Barclays lifted their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Scotiabank lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Morgan Stanley lifted their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Finally, StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday. Four equities research 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.89.

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.