Callahan Advisors LLC Has $2.63 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Callahan Advisors LLC raised its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 34.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,836 shares of the oil and gas producer's stock after acquiring an additional 21,602 shares during the quarter. Callahan Advisors LLC's holdings in Enterprise Products Partners were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPD. Stratos Wealth Advisors LLC lifted its stake in shares of Enterprise Products Partners by 3.9% during the third quarter. Stratos Wealth Advisors LLC now owns 18,602 shares of the oil and gas producer's stock valued at $542,000 after acquiring an additional 692 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Enterprise Products Partners by 3.2% during the third quarter. Commonwealth Equity Services LLC now owns 1,064,093 shares of the oil and gas producer's stock valued at $30,976,000 after acquiring an additional 33,228 shares during the period. CNB Bank lifted its stake in shares of Enterprise Products Partners by 534.8% during the third quarter. CNB Bank now owns 3,561 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 3,000 shares during the period. Violich Capital Management Inc. lifted its stake in shares of Enterprise Products Partners by 3.3% during the third quarter. Violich Capital Management Inc. now owns 18,550 shares of the oil and gas producer's stock valued at $540,000 after acquiring an additional 600 shares during the period. Finally, Bayshore Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the third quarter valued at $240,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Down 0.5 %

Shares of Enterprise Products Partners stock traded down $0.18 on Friday, hitting $33.41. The company had a trading volume of 5,511,541 shares, compared to its average volume of 4,835,167. The stock has a 50-day moving average of $32.63 and a 200-day moving average of $30.93. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners L.P. has a twelve month low of $27.26 and a twelve month high of $34.63. The firm has a market capitalization of $72.41 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.38 and a beta of 1.09.

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

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.41%. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EPD shares. Citigroup lifted their target price on shares of Enterprise Products Partners from $36.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. Scotiabank started coverage on shares of Enterprise Products Partners in a report on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price for the company. 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. Finally, Wolfe Research downgraded shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.70.

About Enterprise Products Partners

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.