Bryn Mawr Capital Management LLC Sells 14,870 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Bryn Mawr Capital Management LLC lessened its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,873 shares of the oil and gas producer's stock after selling 14,870 shares during the period. Bryn Mawr Capital Management LLC's holdings in Enterprise Products Partners were worth $1,327,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EPD. Alps Advisors Inc. grew its holdings in Enterprise Products Partners by 5.0% during the first quarter. Alps Advisors Inc. now owns 41,326,613 shares of the oil and gas producer's stock worth $1,410,891,000 after purchasing an additional 1,967,188 shares during the period. Invesco Ltd. grew its stake in shares of Enterprise Products Partners by 1.3% in the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer's stock valued at $849,126,000 after acquiring an additional 359,288 shares in the last quarter. FMR LLC raised its position in shares of Enterprise Products Partners by 2.1% in the fourth quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer's stock valued at $462,067,000 after buying an additional 304,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after buying an additional 851,188 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of Enterprise Products Partners by 11.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,830,088 shares of the oil and gas producer's stock valued at $182,832,000 after buying an additional 580,850 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

EPD traded up $0.33 on Friday, hitting $31.57. The company's stock had a trading volume of 1,146,672 shares, compared to its average volume of 4,468,634. The company's 50 day simple moving average is $31.49 and its 200-day simple moving average is $32.10. The firm has a market cap of $68.46 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month 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 announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 6.91%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, July 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EPD shares. Citigroup reduced their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Scotiabank upped their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. 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 report on Wednesday, July 2nd. Finally, Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

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.