Enterprise Products Partners L.P. (NYSE:EPD) Position Decreased by Cohen & Steers Inc.

Cohen & Steers Inc. decreased its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,494 shares of the oil and gas producer's stock after selling 82,660 shares during the period. Cohen & Steers Inc.'s holdings in Enterprise Products Partners were worth $6,915,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Kayne Anderson Capital Advisors LP raised its stake in shares of Enterprise Products Partners by 16.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after purchasing an additional 1,947,017 shares during the period. Barclays PLC lifted its holdings in Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after buying an additional 1,326,010 shares in the last quarter. KDK Private Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter valued at about $22,333,000. Strategic Financial Concepts LLC increased its position in shares of Enterprise Products Partners by 3,884.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock worth $21,414,000 after acquiring an additional 665,716 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of Enterprise Products Partners in the fourth quarter worth about $13,599,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded up $0.61 during trading hours on Friday, reaching $31.05. The stock had a trading volume of 3,638,730 shares, compared to its average volume of 4,369,478. The firm has a 50-day simple moving average of $32.65 and a 200-day simple moving average of $31.87. The firm has a market capitalization of $67.25 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. 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 $27.37 and a twelve month high of $34.63.

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

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

Analysts Set New Price Targets

A number of brokerages have issued reports on EPD. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Morgan Stanley increased their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. 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. Scotiabank lifted their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Finally, Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

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.