Enterprise Products Partners L.P. (NYSE:EPD) Stake Boosted by Eagle Global Advisors LLC

Eagle Global Advisors LLC lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,166,604 shares of the oil and gas producer's stock after buying an additional 168,100 shares during the quarter. Enterprise Products Partners makes up 2.8% of Eagle Global Advisors LLC's holdings, making the stock its 8th largest holding. Eagle Global Advisors LLC owned 0.10% of Enterprise Products Partners worth $67,945,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Rosenberg Matthew Hamilton grew its holdings in Enterprise Products Partners by 364.4% during the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 656 shares in the last quarter. Tidemark LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners in the fourth quarter worth about $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter worth about $30,000. Finally, National Bank of Canada FI raised its holdings 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 worth $32,000 after acquiring an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 0.1 %

Shares of Enterprise Products Partners stock opened at $30.02 on Wednesday. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The firm's 50 day simple moving average is $31.94 and its two-hundred day simple moving average is $32.00. 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 firm has a market capitalization of $65.02 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 7.13%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.

Wall Street Analysts Forecast Growth

EPD has been the subject of a number of recent research reports. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. JPMorgan Chase & Co. increased their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Finally, Morgan Stanley lifted 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

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