Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,450 shares of the oil and gas producer's stock after purchasing an additional 10,675 shares during the period. Enterprise Products Partners comprises about 2.0% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 10th biggest holding. Meixler Investment Management Ltd.'s holdings in Enterprise Products Partners were worth $2,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EPD. Rosenberg Matthew Hamilton raised 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 purchasing an additional 656 shares during the period. Assetmark Inc. lifted its holdings in Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock worth $35,000 after acquiring an additional 1,188 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Enterprise Products Partners in the third quarter valued at approximately $36,000. Bangor Savings Bank grew its holdings in shares of Enterprise Products Partners by 558.3% during 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 during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $40,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on EPD shares. Scotiabank began coverage on Enterprise Products Partners in a research note on Friday, January 10th. They set a "sector perform" rating and a $33.00 price objective for the company. Citigroup increased their price objective 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. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Four research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.70.

Enterprise Products Partners Price Performance

Shares of EPD stock traded down $0.11 during mid-day trading on Wednesday, hitting $33.62. 4,317,015 shares of the stock traded hands, compared to its average volume of 4,846,091. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The firm has a market cap of $72.86 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The company's 50-day simple moving average is $32.58 and its 200-day simple moving average is $30.88. Enterprise Products Partners L.P. has a twelve month low of $27.20 and a twelve month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $14.07 billion. During the same period in the previous year, the business earned $0.72 earnings per share. Enterprise Products Partners's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Enterprise Products Partners L.P. will post 2.87 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently announced 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 yield of 6.37%. 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 dividend payout ratio (DPR) is presently 79.55%.

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.