Westwood Holdings Group Inc. Increases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Westwood Holdings Group Inc. increased its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,830,088 shares of the oil and gas producer's stock after purchasing an additional 580,850 shares during the quarter. Enterprise Products Partners accounts for 1.4% of Westwood Holdings Group Inc.'s holdings, making the stock its 6th biggest position. Westwood Holdings Group Inc. owned about 0.27% of Enterprise Products Partners worth $182,832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPD. Trust Co. of Vermont raised its holdings in shares of Enterprise Products Partners by 10.0% during the fourth quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 300 shares during the period. Griffin Asset Management Inc. grew its position in Enterprise Products Partners by 0.8% during the 4th quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock worth $1,203,000 after purchasing an additional 305 shares in the last quarter. Evanson Asset Management LLC grew its position in Enterprise Products Partners by 0.4% during the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock worth $2,304,000 after purchasing an additional 306 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Enterprise Products Partners by 14.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after purchasing an additional 308 shares during the period. Finally, Sandbox Financial Partners LLC lifted its holdings in shares of Enterprise Products Partners by 3.2% in the fourth quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock valued at $317,000 after purchasing an additional 309 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Down 0.4%

Shares of EPD stock traded down $0.14 on Friday, hitting $31.26. The company's stock had a trading volume of 864,705 shares, compared to its average volume of 4,385,679. The stock has a market capitalization of $67.79 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.37 and a beta of 0.67. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The firm's fifty day moving average price is $31.53 and its 200-day moving average price is $32.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

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 company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. Enterprise Products Partners's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.85%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.

Analysts Set New Price Targets

EPD has been the topic of several recent analyst reports. Barclays dropped their price target on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday. Citigroup reduced their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Morgan Stanley upped 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 note on Tuesday, March 11th. Finally, Scotiabank lifted their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.