Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 57.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,826 shares of the oil and gas producer's stock after selling 16,974 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Enterprise Products Partners were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EPD. FourThought Financial Partners LLC boosted its holdings in Enterprise Products Partners by 18.5% in the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock valued at $4,407,000 after purchasing an additional 21,970 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Enterprise Products Partners by 7.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock valued at $9,726,000 after purchasing an additional 21,192 shares during the period. Trek Financial LLC purchased a new position in Enterprise Products Partners in the fourth quarter valued at $3,405,000. Cerity Partners LLC boosted its holdings in Enterprise Products Partners by 18.9% in the fourth quarter. Cerity Partners LLC now owns 470,226 shares of the oil and gas producer's stock valued at $14,661,000 after purchasing an additional 74,710 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Enterprise Products Partners by 14.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after purchasing an additional 308 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Down 1.0%

Enterprise Products Partners stock traded down $0.30 during midday trading on Monday, reaching $30.89. The company's stock had a trading volume of 3,984,837 shares, compared to its average volume of 4,454,378. The business has a 50-day simple moving average of $31.19 and a 200-day simple moving average of $32.13. 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 L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a market cap of $67.00 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.29 and a beta of 0.65.

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 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter last year, the firm posted $0.66 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EPD shares. Citigroup decreased their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Barclays cut their price target on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 20th. Finally, Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and a consensus target price 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.