9,105 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Acquired by Sunbeam Capital Management LLC

Sunbeam Capital Management LLC purchased a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,105 shares of the oil and gas producer's stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EPD. Challenger Wealth Management purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $262,000. Vermillion Wealth Management Inc. purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $155,000. Baer Investment Advisory LLC purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $793,000. Montchanin Asset Management LLC grew its holdings in shares of Enterprise Products Partners by 1.2% during the fourth quarter. Montchanin Asset Management LLC now owns 107,580 shares of the oil and gas producer's stock worth $3,374,000 after buying an additional 1,300 shares during the last quarter. Finally, WCG Wealth Advisors LLC grew its holdings in shares of Enterprise Products Partners by 3.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 33,606 shares of the oil and gas producer's stock worth $1,054,000 after buying an additional 1,139 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

Shares of EPD stock traded down $0.05 during midday trading on Wednesday, reaching $31.45. 2,056,492 shares of the company traded hands, compared to its average volume of 4,380,110. The firm's 50 day simple moving average is $31.37 and its two-hundred day simple moving average is $32.24. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year 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 has a market cap of $68.21 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results 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 10.49% and a return on equity of 20.48%. The company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. Enterprise Products Partners's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

EPD has been the topic of a number of research reports. Scotiabank raised their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Barclays reduced their price objective on shares of 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. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley raised 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 research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.