23,701 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Acquired by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,701 shares of the oil and gas producer's stock, valued at approximately $793,000. Enterprise Products Partners comprises about 1.6% of Baer Investment Advisory LLC's investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors also recently bought and sold shares of EPD. Barclays PLC boosted its position in shares of 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 worth $73,699,000 after buying an additional 1,326,010 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $228,000. Janney Montgomery Scott LLC grew its position in shares of Enterprise Products Partners by 13.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 848,749 shares of the oil and gas producer's stock valued at $26,617,000 after purchasing an additional 101,371 shares during the last quarter. Traynor Capital Management Inc. purchased a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $212,000. Finally, Red Door Wealth Management LLC increased its stake in shares of Enterprise Products Partners by 1.6% during the 4th quarter. Red Door Wealth Management LLC now owns 44,654 shares of the oil and gas producer's stock worth $1,400,000 after purchasing an additional 699 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EPD. Barclays dropped their price target on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup decreased their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Scotiabank boosted their price objective on shares of 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. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.56.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $31.27 on Friday. The firm has a market capitalization of $67.82 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a 50 day moving average price of $31.48 and a 200 day moving average price of $32.21. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its 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 return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. During the same period last year, the business posted $0.66 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio 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.

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