Focus Partners Wealth Decreases Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Focus Partners Wealth lowered its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 46.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 498,316 shares of the oil and gas producer's stock after selling 438,397 shares during the quarter. Focus Partners Wealth's holdings in Enterprise Products Partners were worth $15,627,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EPD. Full Sail Capital LLC raised its holdings in Enterprise Products Partners by 3.9% during the fourth quarter. Full Sail Capital LLC now owns 9,081 shares of the oil and gas producer's stock worth $285,000 after purchasing an additional 341 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in Enterprise Products Partners by 8.4% during the fourth quarter. Eagle Global Advisors LLC now owns 2,166,604 shares of the oil and gas producer's stock worth $67,945,000 after purchasing an additional 168,100 shares in the last quarter. Colonial Trust Co SC raised its holdings in 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 worth $32,000 after purchasing an additional 314 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Enterprise Products Partners by 11.3% during the fourth quarter. CoreCap Advisors LLC now owns 95,394 shares of the oil and gas producer's stock worth $2,992,000 after purchasing an additional 9,706 shares in the last quarter. Finally, Cornerstone Select Advisors LLC acquired a new stake in Enterprise Products Partners during the fourth quarter worth approximately $1,687,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EPD shares. Morgan Stanley raised their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Barclays raised their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. 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 report on Thursday, March 6th. Finally, StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $31.40 on Tuesday. The firm's fifty day moving average price is $31.73 and its 200 day moving average price is $32.07. 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 $67.99 billion, a price-to-earnings ratio of 11.67, 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 data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share 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 firm had revenue of $15.42 billion during the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.82%. Enterprise Products Partners's dividend payout ratio (DPR) is 80.15%.

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.

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