Bessemer Group Inc. Sells 51,156 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Bessemer Group Inc. lessened its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 31.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,624 shares of the oil and gas producer's stock after selling 51,156 shares during the period. Bessemer Group Inc.'s holdings in Enterprise Products Partners were worth $3,811,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Tidemark LLC raised its stake in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after buying an additional 318 shares during the period. 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. acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $30,000. National Bank of Canada FI lifted 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 valued at $32,000 after purchasing an additional 360 shares in the last quarter. Finally, Colonial Trust Co SC increased its stake in Enterprise Products Partners by 44.9% during the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPD has been the topic of a number of research reports. Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Scotiabank boosted their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lifted their price target 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. Finally, Morgan Stanley upped their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, seven have assigned 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 target price of $36.67.

Enterprise Products Partners Stock Down 0.1%

NYSE:EPD traded down $0.03 on Friday, hitting $31.06. 3,386,183 shares of the company's stock were exchanged, compared to its average volume of 4,475,511. The firm has a 50-day moving average price of $31.21 and a 200-day moving average price of $32.08. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64. The company has a market cap of $67.37 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly 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). The company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. As a group, analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.89%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) 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.