Chickasaw Capital Management LLC Has $185.51 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Chickasaw Capital Management LLC decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,433,931 shares of the oil and gas producer's stock after selling 27,556 shares during the quarter. Enterprise Products Partners accounts for approximately 7.1% of Chickasaw Capital Management LLC's holdings, making the stock its 7th biggest position. Chickasaw Capital Management LLC owned approximately 0.25% of Enterprise Products Partners worth $185,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kayne Anderson Capital Advisors LP grew its stake in shares of Enterprise Products Partners by 16.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after purchasing an additional 1,947,017 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Enterprise Products Partners by 8.8% in the 4th 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 in the last quarter. KDK Private Wealth Management LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth about $22,333,000. Finally, Walnut Private Equity Partners LLC bought a new stake in Enterprise Products Partners during the 1st quarter worth approximately $24,069,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Morgan Stanley increased their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Citigroup dropped their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Scotiabank raised their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Trading Up 0.8%

EPD stock traded up $0.24 during midday trading on Thursday, reaching $31.06. 4,729,991 shares of the company traded hands, compared to its average volume of 4,404,671. The firm has a market capitalization of $67.36 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.65. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The business has a 50 day moving average of $31.06 and a 200-day moving average of $32.25. 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 released 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 analysts' expectations of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

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