Enterprise Products Partners L.P. (NYSE:EPD) Stake Increased by Delta Investment Management LLC

Delta Investment Management LLC grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 318,680 shares of the oil and gas producer's stock after buying an additional 10,009 shares during the period. Enterprise Products Partners comprises 1.9% of Delta Investment Management LLC's portfolio, making the stock its 14th largest position. Delta Investment Management LLC's holdings in Enterprise Products Partners were worth $9,994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tidemark LLC raised its position in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in shares of Enterprise Products Partners during the 4th quarter valued at about $30,000. National Bank of Canada FI grew its position in Enterprise Products Partners by 55.4% in the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after buying an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in shares of Enterprise Products Partners by 44.9% during the fourth quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EPD. Citigroup dropped 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. Barclays boosted their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Finally, Scotiabank lifted their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Four investment 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Stock Performance

EPD stock opened at $32.56 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The firm has a 50 day moving average of $31.63 and a two-hundred day moving average of $32.18. The company has a market capitalization of $70.62 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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 return on equity of 20.48% and a net margin of 10.49%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were paid a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.57%. Enterprise Products Partners's payout ratio is presently 80.15%.

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.

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