Samalin Investment Counsel LLC Has $1.95 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Samalin Investment Counsel LLC trimmed its stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,219 shares of the oil and gas producer's stock after selling 10,965 shares during the quarter. Enterprise Products Partners makes up about 0.8% of Samalin Investment Counsel LLC's investment portfolio, making the stock its 27th largest holding. Samalin Investment Counsel LLC's holdings in Enterprise Products Partners were worth $1,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sfmg LLC raised its stake in Enterprise Products Partners by 31.8% during the 4th quarter. Sfmg LLC now owns 20,746 shares of the oil and gas producer's stock valued at $651,000 after acquiring an additional 5,000 shares in the last quarter. Intellus Advisors LLC bought a new position in Enterprise Products Partners in the 4th quarter valued at about $1,947,000. Virtu Financial LLC bought a new stake in shares of Enterprise Products Partners during the 4th quarter worth about $1,098,000. ZEGA Investments LLC acquired a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $712,000. Finally, One Charles Private Wealth Services LLC boosted its holdings in shares of Enterprise Products Partners by 1.4% in the fourth quarter. One Charles Private Wealth Services LLC now owns 69,202 shares of the oil and gas producer's stock valued at $2,170,000 after acquiring an additional 975 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EPD. Morgan Stanley upped their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Wells Fargo & Company downgraded shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Finally, Barclays upped their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.90.

Enterprise Products Partners Stock Performance

EPD stock traded down $0.17 during midday trading on Tuesday, hitting $33.51. 3,135,898 shares of the company traded hands, compared to its average volume of 4,730,677. Enterprise Products Partners L.P. has a twelve month low of $27.37 and a twelve month high of $34.63. The stock has a market capitalization of $72.57 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The business has a 50 day simple moving average of $33.43 and a 200-day simple moving average of $31.61.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its 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 the consensus estimate of $14.07 billion. During the same quarter last year, the firm posted $0.72 EPS. The business's quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 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 paid a dividend of $0.535 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a yield of 6.39%. Enterprise Products Partners's dividend payout ratio is presently 79.55%.

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.