NorthRock Partners LLC Buys 15,437 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

NorthRock Partners LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 77.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,350 shares of the oil and gas producer's stock after buying an additional 15,437 shares during the period. NorthRock Partners LLC's holdings in Enterprise Products Partners were worth $1,109,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Enterprise Products Partners by 8.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer's stock valued at $330,739,000 after purchasing an additional 851,188 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in Enterprise Products Partners during the fourth quarter worth $9,129,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter valued at $1,146,000. JRM Investment Counsel LLC lifted its stake in Enterprise Products Partners by 1.0% in the fourth quarter. JRM Investment Counsel LLC now owns 467,179 shares of the oil and gas producer's stock worth $14,651,000 after acquiring an additional 4,751 shares during the period. Finally, KKM Financial LLC lifted its stake in Enterprise Products Partners by 4.8% in the fourth quarter. KKM Financial LLC now owns 81,734 shares of the oil and gas producer's stock worth $2,563,000 after acquiring an additional 3,747 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on EPD. Citigroup lowered their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Scotiabank raised their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded down $0.02 during trading hours on Monday, hitting $32.40. The stock had a trading volume of 1,131,043 shares, compared to its average volume of 5,218,601. The company has a 50-day moving average of $31.64 and a two-hundred day moving average of $32.16. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market cap of $70.26 billion, a PE ratio of 12.04, a price-to-earnings-growth 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.

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 the consensus estimate 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 business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same period in the previous year, the business posted $0.66 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate 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 was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 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.