Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Creegan & Nassoura Financial Group LLC

Creegan & Nassoura Financial Group LLC lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,158 shares of the oil and gas producer's stock after selling 20,206 shares during the period. Creegan & Nassoura Financial Group LLC's holdings in Enterprise Products Partners were worth $1,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Enterprise Products Partners by 110.0% during the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after purchasing an additional 1,326,010 shares during the period. Eaton Financial Holdings Company LLC bought a new stake in shares of Enterprise Products Partners during the 3rd quarter valued at $1,066,000. Stock Yards Bank & Trust Co. raised its holdings in Enterprise Products Partners by 6.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 60,844 shares of the oil and gas producer's stock worth $1,771,000 after purchasing an additional 3,500 shares during the period. World Investment Advisors LLC lifted its position in Enterprise Products Partners by 47.7% during the third quarter. World Investment Advisors LLC now owns 39,750 shares of the oil and gas producer's stock valued at $1,157,000 after purchasing an additional 12,839 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new position in shares of Enterprise Products Partners during the 3rd quarter valued at about $445,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Performance

EPD traded up $0.01 during midday trading on Wednesday, hitting $30.71. 5,656,087 shares of the company were exchanged, compared to its average volume of 4,379,345. The company's 50 day simple moving average is $32.45 and its 200 day simple moving average is $31.90. The firm has a market capitalization of $66.50 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. 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 earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.07 billion. During the same period in the previous year, the business posted $0.72 EPS. The business's revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.97%. Enterprise Products Partners's dividend payout ratio is currently 79.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EPD shares. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Barclays upped their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Scotiabank lifted their price objective on shares of 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. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Four 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 stock. According to MarketBeat.com, Enterprise Products Partners presently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

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.