KDK Private Wealth Management LLC Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

KDK Private Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 712,148 shares of the oil and gas producer's stock, valued at approximately $22,333,000. Enterprise Products Partners makes up about 23.2% of KDK Private Wealth Management LLC's portfolio, making the stock its largest position.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP purchased a new position in Enterprise Products Partners in the third quarter valued at about $263,000. Orion Portfolio Solutions LLC raised its stake in shares of Enterprise Products Partners by 18.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,808 shares of the oil and gas producer's stock worth $402,000 after acquiring an additional 2,178 shares in the last quarter. MML Investors Services LLC lifted its position in Enterprise Products Partners by 13.1% during the third quarter. MML Investors Services LLC now owns 127,600 shares of the oil and gas producer's stock valued at $3,714,000 after acquiring an additional 14,806 shares during the last quarter. Barclays PLC boosted its stake in Enterprise Products Partners by 110.0% in the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after acquiring an additional 1,326,010 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Enterprise Products Partners by 3.7% in the third quarter. TD Private Client Wealth LLC now owns 100,614 shares of the oil and gas producer's stock worth $2,929,000 after purchasing an additional 3,546 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Barclays upped their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price for the company. in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Stock Performance

EPD traded up $0.62 during trading on Tuesday, reaching $30.94. 2,137,701 shares of the company were exchanged, compared to its average volume of 4,377,342. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The stock has a market cap of $67.01 billion, a P/E ratio of 11.50, a PEG ratio of 1.37 and a beta of 0.78. The firm has a 50 day moving average of $32.79 and a 200 day moving average of $31.87. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.92%. Enterprise Products Partners's payout ratio is presently 79.55%.

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.