Cwm LLC Has $3.36 Million Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

CWM LLC lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 11.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,474 shares of the oil and gas producer's stock after selling 13,132 shares during the quarter. CWM LLC's holdings in Enterprise Products Partners were worth $3,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co grew its holdings in Enterprise Products Partners by 13.7% in the 1st quarter. Diversified Trust Co now owns 15,122 shares of the oil and gas producer's stock worth $516,000 after buying an additional 1,821 shares in the last quarter. Trek Financial LLC bought a new position in Enterprise Products Partners in the 4th quarter worth approximately $3,405,000. Cerity Partners LLC grew its holdings in Enterprise Products Partners by 18.9% in the 4th quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer's stock worth $14,661,000 after buying an additional 74,710 shares in the last quarter. Fiducient Advisors LLC grew its holdings in Enterprise Products Partners by 37.3% in the 4th quarter. Fiducient Advisors LLC now owns 77,413 shares of the oil and gas producer's stock worth $2,428,000 after buying an additional 21,025 shares in the last quarter. Finally, OneAscent Financial Services LLC bought a new position in Enterprise Products Partners in the 4th quarter worth approximately $332,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Up 0.4%

Shares of EPD traded up $0.13 during mid-day trading on Friday, reaching $31.37. The company's stock had a trading volume of 3,712,011 shares, compared to its average volume of 4,479,099. The business has a fifty day moving average of $31.49 and a 200 day moving average of $32.10. The company has a market cap of $68.04 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.35 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 quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. 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 previous year, the company earned $0.66 EPS. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal 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 paid a $0.545 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.95%. Enterprise Products Partners's dividend payout ratio is 80.15%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho set a $38.00 price target on Enterprise Products Partners and gave the company an "outperform" rating in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. TD Cowen assumed coverage on Enterprise Products Partners in a research note on Monday, July 7th. They set a "hold" rating and a $33.00 price target for the company. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, Barclays decreased their price target 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's stock. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

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.