B. Riley Wealth Advisors Inc. Sells 23,175 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

B. Riley Wealth Advisors Inc. reduced its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP increased its holdings in Enterprise Products Partners by 16.7% in 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 purchasing an additional 1,947,017 shares in the last quarter. Barclays PLC boosted its stake in Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after acquiring an additional 1,326,010 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Enterprise Products Partners in the fourth quarter worth $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock worth $330,739,000 after purchasing an additional 851,188 shares during the period. Finally, KDK Private Wealth Management LLC bought a new stake in Enterprise Products Partners in the fourth quarter valued at $22,333,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Citigroup reduced their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Morgan Stanley raised their price objective 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, Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.56.

Enterprise Products Partners Stock Down 0.9%

Shares of NYSE:EPD traded down $0.29 during mid-day trading on Thursday, hitting $31.14. 2,342,520 shares of the company traded hands, compared to its average volume of 4,375,643. The stock has a market cap of $67.54 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.37 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The stock has a 50-day moving average price of $31.33 and a two-hundred day moving average price of $32.23.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $15.42 billion for 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 business's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.87%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.

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.