Hutner Capital Management Inc. Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Hutner Capital Management Inc. increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,654 shares of the oil and gas producer's stock after purchasing an additional 12,545 shares during the period. Enterprise Products Partners makes up approximately 1.6% of Hutner Capital Management Inc.'s investment portfolio, making the stock its 19th largest holding. Hutner Capital Management Inc.'s holdings in Enterprise Products Partners were worth $3,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP increased its position in Enterprise Products Partners by 16.7% during the fourth 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 acquiring an additional 1,947,017 shares during the period. Barclays PLC raised its position in shares of Enterprise Products Partners by 110.0% in the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after buying an additional 1,326,010 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $36,279,000. KDK Private Wealth Management LLC acquired a new stake in Enterprise Products Partners during the fourth quarter worth approximately $22,333,000. Finally, Strategic Financial Concepts LLC increased its stake in Enterprise Products Partners by 3,884.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock worth $21,414,000 after acquiring an additional 665,716 shares during the period. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

EPD traded up $0.03 during trading on Tuesday, reaching $30.03. 2,200,261 shares of the company were exchanged, compared to its average volume of 4,367,612. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market cap of $65.03 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.37 and a beta of 0.67. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company's 50-day moving average is $31.99 and its two-hundred day moving average is $32.01.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (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 analysts' expectations of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. Research 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders 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 7.13%. Enterprise Products Partners's payout ratio is currently 80.15%.

Wall Street Analyst Weigh In

EPD has been the topic of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Scotiabank increased their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Barclays raised their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Finally, Morgan Stanley boosted their price target 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. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.89.

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.