Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 42.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 411,024 shares of the oil and gas producer's stock after acquiring an additional 122,338 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Enterprise Products Partners were worth $12,890,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EPD. Rosenberg Matthew Hamilton grew its stake in Enterprise Products Partners by 364.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 656 shares in the last quarter. Tidemark LLC grew its position in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after buying an additional 318 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Enterprise Products Partners during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $30,000. Finally, National Bank of Canada FI lifted its stake in Enterprise Products Partners by 55.4% in the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

EPD has been the subject of several recent research reports. Barclays boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. JPMorgan Chase & Co. upped their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. StockNews.com cut Enterprise Products Partners from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Scotiabank lifted their target price on 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. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Stock Performance

EPD stock traded down $0.46 during trading on Monday, reaching $30.00. The company had a trading volume of 4,406,775 shares, compared to its average volume of 4,375,660. The company has a market cap of $64.97 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. 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 debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The firm has a 50-day simple moving average of $32.06 and a 200-day simple moving average of $32.01.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced 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 company had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. During the same period last year, the firm earned $0.66 earnings per share. Enterprise Products Partners's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 7.13%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

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.