Nuveen Asset Management LLC Increases Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Nuveen Asset Management LLC grew its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 726,562 shares of the oil and gas producer's stock after purchasing 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.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Barclays PLC raised its position in Enterprise Products Partners by 110.0% during the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after purchasing an additional 1,326,010 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Enterprise Products Partners in the 4th quarter worth $228,000. Janney Montgomery Scott LLC grew its holdings in shares of Enterprise Products Partners by 13.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 848,749 shares of the oil and gas producer's stock valued at $26,617,000 after buying an additional 101,371 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in Enterprise Products Partners during the 4th quarter valued at about $212,000. Finally, Red Door Wealth Management LLC boosted its position in shares of Enterprise Products Partners by 1.6% during the fourth quarter. Red Door Wealth Management LLC now owns 44,654 shares of the oil and gas producer's stock valued at $1,400,000 after buying an additional 699 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

EPD has been the subject of a number of research analyst reports. Barclays decreased their price target on 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. Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley increased their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.56.

Enterprise Products Partners Trading Up 0.3%

Enterprise Products Partners stock traded up $0.09 during mid-day trading on Tuesday, reaching $31.38. 453,496 shares of the company traded hands, compared to its average volume of 4,380,313. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The firm's 50 day moving average price is $31.42 and its 200 day moving average price is $32.24. The firm has a market capitalization of $68.07 billion, a price-to-earnings ratio of 11.67, 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 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter last year, the firm posted $0.66 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate 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. 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 annualized dividend and a yield of 6.82%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

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.