Brown Advisory Inc. Sells 13,349 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Brown Advisory Inc. lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 281,473 shares of the oil and gas producer's stock after selling 13,349 shares during the period. Brown Advisory Inc.'s holdings in Enterprise Products Partners were worth $9,609,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tidemark LLC boosted its holdings in shares of Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Enterprise Products Partners in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $30,000. Security National Bank bought a new stake in shares of Enterprise Products Partners in the 1st quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Enterprise Products Partners during the first quarter valued at approximately $31,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Citigroup decreased their price target on shares of 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. Scotiabank lifted their price objective on 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. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Barclays lowered their target price on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

Enterprise Products Partners Stock Down 0.4%

NYSE EPD traded down $0.14 during mid-day trading on Friday, reaching $31.91. The stock had a trading volume of 2,518,045 shares, compared to its average volume of 4,482,922. The stock has a market cap of $69.21 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.36 and a beta of 0.64. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year 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 fifty day moving average price of $31.39 and a 200 day moving average price of $32.09.

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). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date is Thursday, July 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. Enterprise Products Partners's dividend payout ratio (DPR) is presently 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.