Pinnacle Financial Group LLC IL Invests $293,000 in Enterprise Products Partners L.P. (NYSE:EPD)

Pinnacle Financial Group LLC IL acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,344 shares of the oil and gas producer's stock, valued at approximately $293,000.

Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP boosted its position in shares of Enterprise Products Partners by 16.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after acquiring an additional 1,947,017 shares during the last quarter. Barclays PLC raised its stake in Enterprise Products Partners by 110.0% during the third 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 period. Susquehanna Fundamental Investments LLC acquired a new position in Enterprise Products Partners in the 4th quarter valued at about $36,279,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 during the last quarter. Finally, KDK Private Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners in the 4th quarter valued at approximately $22,333,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on EPD shares. JPMorgan Chase & Co. upped their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Citigroup decreased their price target on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Morgan Stanley boosted 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 report on Tuesday, March 11th. Finally, Barclays decreased their target price on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on 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 Trading Down 0.4%

Enterprise Products Partners stock traded down $0.12 during midday trading on Monday, reaching $31.27. 2,754,677 shares of the stock traded hands, compared to its average volume of 4,395,771. The firm has a market cap of $67.82 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a 50-day simple moving average of $31.48 and a two-hundred 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.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company'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 business posted $0.66 EPS. Research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders 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 annualized dividend and a dividend yield of 6.84%. Enterprise Products Partners's dividend payout ratio (DPR) is 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.