Commonwealth Equity Services LLC Acquires 119,481 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Commonwealth Equity Services LLC lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,183,574 shares of the oil and gas producer's stock after acquiring an additional 119,481 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Enterprise Products Partners worth $37,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EPD. Rosenberg Matthew Hamilton lifted its position in shares of Enterprise Products Partners by 364.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 656 shares in the last quarter. Assetmark Inc. raised its stake in Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after purchasing an additional 1,188 shares during the period. Bangor Savings Bank lifted its holdings 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. New Wave Wealth Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter worth $40,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Enterprise Products Partners by 32.5% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,325 shares of the oil and gas producer's stock valued at $42,000 after buying an additional 325 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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Enterprise Products Partners Stock Down 0.4 %

Enterprise Products Partners stock traded down $0.12 during mid-day trading on Tuesday, hitting $33.80. 2,424,428 shares of the company's stock were exchanged, compared to its average volume of 4,132,496. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The stock has a 50 day moving average of $33.27 and a two-hundred day moving average of $31.44. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The stock has a market cap of $73.20 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.37 and a beta of 1.08.

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, beating analysts' consensus estimates of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.33%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. Enterprise Products Partners's payout ratio is presently 79.55%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EPD shares. Scotiabank increased their price objective 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. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Barclays upped their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday. 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 research note on Wednesday, December 18th. Finally, Morgan Stanley upped their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.90.

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.