Kamunting Street Capital Management L.P. Boosts Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Kamunting Street Capital Management L.P. increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 741,991 shares of the oil and gas producer's stock after acquiring an additional 50,000 shares during the quarter. Enterprise Products Partners comprises 20.1% of Kamunting Street Capital Management L.P.'s portfolio, making the stock its 2nd biggest holding. Kamunting Street Capital Management L.P.'s holdings in Enterprise Products Partners were worth $23,269,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Verity & Verity LLC boosted its stake in Enterprise Products Partners by 30.8% in the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after purchasing an additional 26,032 shares during the period. Spinnaker Trust bought a new stake in Enterprise Products Partners in the 4th quarter valued at about $280,000. FourThought Financial Partners LLC grew its position in shares of Enterprise Products Partners by 18.5% during the 4th quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after purchasing an additional 21,970 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of Enterprise Products Partners by 61.7% during the third quarter. Peapack Gladstone Financial Corp now owns 135,836 shares of the oil and gas producer's stock worth $3,954,000 after purchasing an additional 51,809 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Enterprise Products Partners by 7.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock valued at $9,726,000 after buying an additional 21,192 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Trading Up 0.0 %

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 4,379,359. The firm has a market capitalization of $66.50 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.37 and a beta of 0.78. The firm's 50 day moving average price is $32.45 and its 200-day moving average price is $31.90. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

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

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued 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 dividend yield of 6.97%. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EPD shares. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Barclays increased their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley boosted 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 report on Tuesday, March 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Finally, Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.