Nuveen Asset Management LLC Acquires 269,446 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Nuveen Asset Management LLC increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 58.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 726,562 shares of the oil and gas producer's stock after buying an additional 269,446 shares during the period. Nuveen Asset Management LLC's holdings in Enterprise Products Partners were worth $22,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EPD. Kayne Anderson Capital Advisors LP boosted its position in shares of 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. Barclays PLC lifted its holdings in Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after purchasing an additional 1,326,010 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Enterprise Products Partners in the 4th quarter valued at about $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 valued at $330,739,000 after purchasing an additional 851,188 shares in the last quarter. Finally, KDK Private Wealth Management LLC purchased a new position in Enterprise Products Partners in the 4th quarter valued at about $22,333,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Performance

EPD traded up $0.21 during trading hours on Tuesday, hitting $31.50. 2,803,165 shares of the stock were exchanged, compared to its average volume of 4,389,404. The stock has a 50-day simple moving average of $31.37 and a 200-day simple moving average of $32.24. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The stock has a market cap of $68.32 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. 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 issued its 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). The company had revenue of $15.42 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced 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. This represents a $2.14 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 80.15%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EPD shares. Scotiabank upped their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. 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. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Finally, Citigroup reduced their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.56.

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.