B. Riley Wealth Advisors Inc. Has $8.60 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

B. Riley Wealth Advisors Inc. cut its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 274,326 shares of the oil and gas producer's stock after selling 23,175 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Enterprise Products Partners were worth $8,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPD. Armis Advisers LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at approximately $237,000. Integrated Advisors Network LLC raised its holdings in shares of Enterprise Products Partners by 3.4% in the 4th quarter. Integrated Advisors Network LLC now owns 31,932 shares of the oil and gas producer's stock valued at $1,001,000 after buying an additional 1,054 shares during the period. Wilkins Miller Wealth Management LLC purchased a new stake in Enterprise Products Partners during the 4th quarter worth about $202,000. Great Valley Advisor Group Inc. boosted its position in shares of Enterprise Products Partners by 0.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 103,093 shares of the oil and gas producer's stock worth $3,233,000 after acquiring an additional 647 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth about $97,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EPD shares. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Scotiabank raised their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Barclays decreased their price objective on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. Citigroup cut 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, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.56.

Enterprise Products Partners Trading Up 0.7%

EPD traded up $0.21 during trading on Tuesday, reaching $31.50. The company had a trading volume of 2,803,165 shares, compared to its average volume of 4,389,404. The firm's 50-day simple moving average is $31.42 and its 200 day simple moving average is $32.24. The company has a market cap of $68.32 billion, a price-to-earnings ratio of 11.71, a PEG 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 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 quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.79%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.

Enterprise Products Partners Company 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.