Chilton Capital Management LLC Has $7.60 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Chilton Capital Management LLC decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,670 shares of the oil and gas producer's stock after selling 11,171 shares during the quarter. Chilton Capital Management LLC's holdings in Enterprise Products Partners were worth $7,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in Enterprise Products Partners by 14.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 308 shares in the last quarter. Colonial Trust Co SC lifted its stake in Enterprise Products Partners by 44.9% in the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 314 shares in the last quarter. Tidemark LLC grew its stake in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Enterprise Products Partners by 2.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 14,346 shares of the oil and gas producer's stock valued at $450,000 after buying an additional 325 shares during the last quarter. Finally, Avantax Planning Partners Inc. raised its position in Enterprise Products Partners by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 23,348 shares of the oil and gas producer's stock valued at $732,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Trading Down 0.5%

Shares of EPD stock traded down $0.17 on Monday, reaching $31.34. 2,675,973 shares of the stock were exchanged, compared to its average volume of 4,477,399. The stock has a 50 day moving average price of $31.26 and a 200 day moving average price of $32.08. The stock has a market cap of $67.97 billion, a PE ratio of 11.74, a P/E/G ratio of 1.31 and a beta of 0.64. Enterprise Products Partners L.P. has a one year low of $27.37 and a one 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.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data 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 firm 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 19.90% and a net margin of 10.26%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal 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 given a $0.535 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.83%. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lowered their target price on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Scotiabank increased 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. TD Cowen assumed coverage on shares of Enterprise Products Partners in a report on Monday. They issued a "hold" rating and a $33.00 price target for the company. Finally, Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Five research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.20.

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.