TT Capital Management LLC Sells 13,899 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

TT Capital Management LLC trimmed its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 61.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,870 shares of the oil and gas producer's stock after selling 13,899 shares during the quarter. TT Capital Management LLC's holdings in Enterprise Products Partners were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EPD. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 359,288 shares in the last quarter. FMR LLC lifted 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 valued at $462,067,000 after purchasing an additional 304,997 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Enterprise Products Partners by 16.7% in the 4th 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 buying an additional 1,947,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 buying an additional 851,188 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of Enterprise Products Partners by 11.1% during the 4th 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.

Enterprise Products Partners Trading Down 0.7%

Shares of NYSE:EPD traded down $0.23 during trading on Monday, reaching $30.97. 1,546,450 shares of the company traded hands, compared to its average volume of 4,922,379. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The firm has a market capitalization of $67.16 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 1.29 and a beta of 0.65. The business's fifty day moving average is $31.19 and its 200-day moving average is $32.13.

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 earnings per share 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 for the quarter, compared to analysts' expectations of $14.14 billion. During the same period in the previous year, the company earned $0.66 EPS. The company's quarterly revenue 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 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared 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 was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.91%. Enterprise Products Partners's dividend payout ratio is presently 80.15%.

Wall Street Analysts Forecast Growth

EPD has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Barclays cut their price objective on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, May 20th. Morgan Stanley raised their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Citigroup dropped their target price on 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, Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.67.

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.