MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 851,188 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,546,528 shares of the oil and gas producer's stock after acquiring an additional 851,188 shares during the period. Enterprise Products Partners makes up about 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 17th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.49% of Enterprise Products Partners worth $330,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its stake in shares of Enterprise Products Partners by 364.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 656 shares during the last quarter. Tidemark LLC raised its stake in shares of Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter valued at $30,000. Finally, National Bank of Canada FI raised its stake in shares of Enterprise Products Partners by 55.4% during the fourth quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Up 1.5%

Shares of NYSE EPD opened at $31.10 on Monday. 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 L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The stock has a market capitalization of $67.35 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.37 and a beta of 0.67. The company has a 50-day moving average price of $31.77 and a 200-day moving average price of $32.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently declared 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. This represents a $2.14 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 80.15%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Scotiabank raised their price target 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. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Barclays increased their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Finally, Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Four 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.89.

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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