TABR Capital Management LLC bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,950 shares of the oil and gas producer's stock, valued at approximately $1,569,000.
A number of other hedge funds have also bought and sold shares of the business. Invesco Ltd. raised its stake in Enterprise Products Partners by 0.3% in the 2nd quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer's stock worth $830,671,000 after purchasing an additional 69,505 shares in the last quarter. American Century Companies Inc. grew its position in shares of Enterprise Products Partners by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer's stock worth $578,406,000 after purchasing an additional 252,513 shares in the last quarter. Energy Income Partners LLC grew its position in shares of Enterprise Products Partners by 0.6% during the 3rd quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer's stock worth $459,829,000 after purchasing an additional 80,884 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Enterprise Products Partners by 1.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,570,499 shares of the oil and gas producer's stock worth $361,810,000 after purchasing an additional 214,995 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $292,194,000. 26.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Enterprise Products Partners in a research note on Thursday, January 22nd. UBS Group reaffirmed a "buy" rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $40.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a "hold" rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Finally, Raymond James Financial cut Enterprise Products Partners from a "strong-buy" rating to an "outperform" rating and set a $36.00 price target on the stock. in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Enterprise Products Partners has an average rating of "Hold" and a consensus price target of $37.14.
Read Our Latest Analysis on EPD
Enterprise Products Partners Stock Performance
NYSE EPD opened at $37.55 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $81.18 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.50 and a beta of 0.58. The firm's 50 day simple moving average is $35.33 and its 200 day simple moving average is $32.96. Enterprise Products Partners L.P. has a 1 year low of $27.77 and a 1 year high of $38.22.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The business had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The company's revenue was down 2.9% on a year-over-year basis. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.
Enterprise Products Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, January 30th. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.55. Enterprise Products Partners's dividend payout ratio is 82.71%.
Insider Buying and Selling at Enterprise Products Partners
In other Enterprise Products Partners news, Director John R. Rutherford acquired 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $32.09 per share, with a total value of $481,350.00. Following the completion of the purchase, the director directly owned 173,586 shares of the company's stock, valued at $5,570,374.74. This represents a 9.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.60% of the stock is currently owned by corporate insiders.
Key Stories Impacting Enterprise Products Partners
Here are the key news stories impacting Enterprise Products Partners this week:
Enterprise Products Partners Profile
(
Free Report)
Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.
Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.
See Also
Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD - Free Report).

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