Commonwealth Equity Services LLC grew its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 961,037 shares of the oil and gas producer's stock after acquiring an additional 28,256 shares during the quarter. Commonwealth Equity Services LLC's holdings in Enterprise Products Partners were worth $25,323,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in Enterprise Products Partners by 89.9% in the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer's stock worth $7,630,000 after purchasing an additional 137,044 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Enterprise Products Partners by 8.7% in the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer's stock worth $1,055,000 after purchasing an additional 3,075 shares during the period. Cullen Investment Group LTD. acquired a new stake in Enterprise Products Partners in the fourth quarter worth about $7,542,000. Sapient Capital LLC acquired a new stake in Enterprise Products Partners in the fourth quarter worth about $3,271,000. Finally, Acadian Asset Management LLC acquired a new stake in Enterprise Products Partners in the third quarter worth about $3,793,000. Institutional investors and hedge funds own 26.07% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on EPD. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Wells Fargo & Company upped their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Barclays upped their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday, March 26th. Mizuho reissued a "buy" rating and issued a $34.00 price target on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Stifel Nicolaus upped their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of "Buy" and a consensus target price of $32.75.
Read Our Latest Report on Enterprise Products Partners
Enterprise Products Partners Trading Up 1.0 %
NYSE EPD traded up $0.27 on Monday, hitting $28.38. 3,563,192 shares of the company were exchanged, compared to its average volume of 4,981,191. The company's 50 day moving average price is $28.64 and its 200-day moving average price is $27.35. 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 firm has a market capitalization of $61.52 billion, a P/E ratio of 11.04 and a beta of 1.02. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts predict that Enterprise Products Partners L.P. will post 2.7 earnings per share for the current fiscal year.
Enterprise Products Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be issued a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.26%. Enterprise Products Partners's dividend payout ratio is 80.78%.
About Enterprise Products Partners
(
Free Report)
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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