Enterprise Products Partners L.P. (NYSE:EPD) Shares Purchased by Buffington Mohr McNeal

Buffington Mohr McNeal increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 132.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,532 shares of the oil and gas producer's stock after purchasing an additional 10,005 shares during the quarter. Buffington Mohr McNeal's holdings in Enterprise Products Partners were worth $550,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings 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 worth $26,000 after buying an additional 656 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its position in Enterprise Products Partners by 1,000.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. Assetmark Inc. raised its holdings in Enterprise Products Partners by 19,800.0% in the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after acquiring an additional 1,188 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Enterprise Products Partners in the 3rd quarter worth approximately $36,000. Finally, Bangor Savings Bank grew its position in shares of Enterprise Products Partners by 558.3% in the fourth quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer's stock valued at $40,000 after purchasing an additional 1,072 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock traded down $0.87 during trading on Friday, reaching $32.64. The company's stock had a trading volume of 5,180,672 shares, compared to its average volume of 4,596,647. The firm has a market cap of $70.75 billion, a PE ratio of 12.23, a P/E/G ratio of 1.59 and a beta of 1.09. The company has a 50-day moving average price of $32.53 and a two-hundred day moving average price of $30.51. 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 L.P. has a fifty-two week low of $26.12 and a fifty-two week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. Enterprise Products Partners's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. On average, analysts forecast that Enterprise Products Partners L.P. will post 2.67 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.535 dividend. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date is Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.56%. Enterprise Products Partners's payout ratio is presently 78.65%.

Analyst Ratings Changes

EPD has been the subject of several analyst reports. US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Wells Fargo & Company downgraded Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th. Scotiabank initiated coverage on shares of Enterprise Products Partners in a research note on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price for the company. Finally, Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.60.

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.