Segment Wealth Management LLC Has $8.59 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Segment Wealth Management LLC lifted its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,485 shares of the oil and gas producer's stock after acquiring an additional 13,780 shares during the period. Segment Wealth Management LLC's holdings in Enterprise Products Partners were worth $8,586,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EPD. OLD Second National Bank of Aurora lifted its position in Enterprise Products Partners by 65.0% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,640 shares of the oil and gas producer's stock worth $90,000 after buying an additional 1,040 shares in the last quarter. Blue Trust Inc. raised its holdings in Enterprise Products Partners by 4.9% during the first quarter. Blue Trust Inc. now owns 92,507 shares of the oil and gas producer's stock worth $3,158,000 after acquiring an additional 4,309 shares in the last quarter. GFS Advisors LLC boosted its position in Enterprise Products Partners by 5.0% during the first quarter. GFS Advisors LLC now owns 52,500 shares of the oil and gas producer's stock valued at $1,792,000 after purchasing an additional 2,500 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Enterprise Products Partners by 14.1% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 22,817 shares of the oil and gas producer's stock valued at $778,000 after purchasing an additional 2,820 shares in the last quarter. Finally, United Advisor Group LLC raised its stake in shares of Enterprise Products Partners by 1.6% during the 1st quarter. United Advisor Group LLC now owns 64,757 shares of the oil and gas producer's stock worth $2,211,000 after purchasing an additional 1,003 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 0.3%

Shares of Enterprise Products Partners stock opened at $31.14 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The company has a market capitalization of $67.53 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.29 and a beta of 0.65. The firm's 50-day moving average price is $31.15 and its two-hundred day moving average price is $32.15.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same period last year, the business earned $0.66 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.87%. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EPD. Barclays decreased their target price on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Citigroup decreased their price target on shares of 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. Royal Bank Of Canada restated an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Finally, Morgan Stanley boosted their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Four research 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's stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

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.

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