Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Sanders Morris Harris LLC

Sanders Morris Harris LLC cut its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 842,507 shares of the oil and gas producer's stock after selling 9,328 shares during the period. Enterprise Products Partners makes up approximately 4.4% of Sanders Morris Harris LLC's holdings, making the stock its 4th biggest position. Sanders Morris Harris LLC's holdings in Enterprise Products Partners were worth $28,764,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tidemark LLC boosted its holdings in Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Enterprise Products Partners in the 4th quarter valued at $30,000. National Bank of Canada FI raised 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 acquiring an additional 360 shares in the last quarter. Finally, Colonial Trust Co SC lifted its holdings 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 acquiring an additional 314 shares during the period. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 1.4%

EPD traded up $0.44 during mid-day trading on Tuesday, hitting $31.49. The stock had a trading volume of 2,765,154 shares, compared to its average volume of 4,391,853. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The firm has a market capitalization of $68.29 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. 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 stock's fifty day simple moving average is $31.17 and its 200-day simple moving average is $32.26.

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 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business 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%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.80%. Enterprise Products Partners's payout ratio is 80.15%.

Analysts Set New Price Targets

EPD has been the topic of several research analyst reports. Barclays decreased their price objective on shares of 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. Scotiabank raised their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup decreased their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Morgan Stanley upped 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 research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average price target of $36.56.

About Enterprise Products Partners

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.