Account Management LLC Purchases 33,500 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Account Management LLC raised its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,380 shares of the oil and gas producer's stock after buying an additional 33,500 shares during the quarter. Enterprise Products Partners makes up approximately 8.8% of Account Management LLC's holdings, making the stock its 3rd largest holding. Account Management LLC's holdings in Enterprise Products Partners were worth $7,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPD. National Bank of Canada FI grew its holdings in shares of Enterprise Products Partners by 5.5% during the 3rd quarter. National Bank of Canada FI now owns 32,828 shares of the oil and gas producer's stock worth $887,000 after purchasing an additional 1,726 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $604,000. Strategic Blueprint LLC purchased a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $224,000. HWG Holdings LP grew its holdings in shares of Enterprise Products Partners by 2.6% during the 3rd quarter. HWG Holdings LP now owns 26,756 shares of the oil and gas producer's stock worth $732,000 after purchasing an additional 668 shares during the period. Finally, Asset Planning Services Inc. LA ADV boosted its holdings in Enterprise Products Partners by 0.6% in the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 154,875 shares of the oil and gas producer's stock worth $4,239,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Mizuho restated a "buy" rating and issued a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Barclays upped their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, March 26th. Royal Bank of Canada restated an "outperform" rating and issued a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Scotiabank upped their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company upped their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $32.58.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded up $0.13 on Friday, hitting $29.06. 7,621,520 shares of the stock traded hands, compared to its average volume of 4,698,358. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The company has a market capitalization of $63.01 billion, a PE ratio of 11.53 and a beta of 1.02. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99. The company's fifty day moving average is $28.58 and its 200 day moving average is $27.33.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a yield of 7.09%. Enterprise Products Partners's payout ratio is currently 81.75%.

Enterprise Products Partners Company 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.