Leigh Baldwin & CO. LLC Acquires Shares of 291,110 Enterprise Products Partners L.P. (NYSE:EPD)

Leigh Baldwin & CO. LLC bought a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 291,110 shares of the oil and gas producer's stock, valued at approximately $9,129,000.

A number of other institutional investors have also recently made changes to their positions in the company. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth about $1,146,000. JRM Investment Counsel LLC lifted its stake in shares of Enterprise Products Partners by 1.0% during the 4th quarter. JRM Investment Counsel LLC now owns 467,179 shares of the oil and gas producer's stock worth $14,651,000 after purchasing an additional 4,751 shares during the last quarter. KKM Financial LLC lifted its holdings in shares of Enterprise Products Partners by 4.8% during the 4th quarter. KKM Financial LLC now owns 81,734 shares of the oil and gas producer's stock valued at $2,563,000 after purchasing an additional 3,747 shares during the last quarter. Full Sail Capital LLC lifted its stake in shares of 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 buying an additional 341 shares during the period. Finally, Eagle Global Advisors LLC raised its stake in shares of Enterprise Products Partners by 8.4% in 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 during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 1.1%

NYSE:EPD traded up $0.36 during trading hours on Tuesday, reaching $31.76. 5,816,184 shares of the stock were exchanged, compared to its average volume of 4,390,572. The business has a 50-day moving average of $31.71 and a two-hundred day moving average of $32.07. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The company has a market capitalization of $68.78 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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). The business had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.74%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is 80.15%.

Analysts Set New Price Targets

A number of research firms have weighed in on EPD. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Citigroup cut their price objective 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. Morgan Stanley increased their price target 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 raised their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report 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. According to MarketBeat, the stock currently 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.