Leigh Baldwin & CO. LLC Makes New Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Leigh Baldwin & CO. LLC acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,283 shares of the oil and gas producer's stock, valued at approximately $291,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidemark LLC grew 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 valued at $28,000 after buying an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in Enterprise Products Partners in the fourth quarter valued at about $30,000. National Bank of Canada FI grew its stake in Enterprise Products Partners by 55.4% during 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 grew its stake 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 valued at $32,000 after purchasing an additional 314 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EPD shares. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Barclays lowered their price objective on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, May 20th. Citigroup reduced 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 report on Tuesday, May 13th. Scotiabank increased 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 note on Thursday, March 6th. Finally, Morgan Stanley raised their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, seven have given 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 a consensus target price of $36.56.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD traded down $0.34 during trading on Thursday, hitting $31.10. The company's stock had a trading volume of 2,123,316 shares, compared to its average volume of 4,374,438. 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 market cap of $67.44 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.37 and a beta of 0.67. The company has a 50-day moving average of $31.33 and a 200-day moving average of $32.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released 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). The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.88%. Enterprise Products Partners's dividend 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.