Neville Rodie & Shaw Inc. Reduces Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Neville Rodie & Shaw Inc. reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 29.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,092 shares of the oil and gas producer's stock after selling 22,020 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Enterprise Products Partners were worth $1,779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. boosted its position in Enterprise Products Partners by 1.3% during the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock worth $849,126,000 after acquiring an additional 359,288 shares during the last quarter. FMR LLC boosted its position in Enterprise Products Partners by 2.1% during the fourth quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock worth $462,067,000 after acquiring an additional 304,997 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Enterprise Products Partners by 16.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock worth $426,125,000 after acquiring an additional 1,947,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enterprise Products Partners by 8.8% during the fourth 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 acquiring an additional 851,188 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in Enterprise Products Partners by 11.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 5,830,088 shares of the oil and gas producer's stock worth $182,832,000 after acquiring an additional 580,850 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Down 1.2%

Shares of NYSE:EPD traded down $0.37 during midday trading on Friday, hitting $30.86. 4,721,900 shares of the company's stock traded hands, compared to its average volume of 4,394,281. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The company has a market cap of $66.93 billion, a PE ratio of 11.47, a P/E/G ratio of 1.37 and a beta of 0.67. The firm's fifty day moving average price is $31.23 and its two-hundred day moving average price is $32.24. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its 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 business had revenue of $15.42 billion for the quarter, compared to analyst estimates 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 revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.93%. Enterprise Products Partners's payout ratio is 80.15%.

Wall Street Analyst Weigh In

EPD has been the topic of a number of analyst reports. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Citigroup decreased their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Barclays decreased their price target on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.56.

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.