Stifel Financial Corp Boosts Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Stifel Financial Corp increased its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,822,076 shares of the oil and gas producer's stock after purchasing an additional 351,387 shares during the quarter. Stifel Financial Corp owned approximately 0.18% of Enterprise Products Partners worth $119,861,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in Enterprise Products Partners by 110.0% during the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock worth $73,699,000 after buying an additional 1,326,010 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in Enterprise Products Partners in the 3rd quarter valued at $1,066,000. Stock Yards Bank & Trust Co. increased its position in shares of Enterprise Products Partners by 6.1% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 60,844 shares of the oil and gas producer's stock valued at $1,771,000 after purchasing an additional 3,500 shares during the last quarter. World Investment Advisors LLC boosted its stake in Enterprise Products Partners by 47.7% in 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 acquiring an additional 12,839 shares during the last quarter. Finally, Arvest Bank Trust Division bought a new position in Enterprise Products Partners during the third quarter valued at $445,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

EPD has been the topic of a number of recent analyst reports. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Scotiabank lifted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Finally, Morgan Stanley upped their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Stock Up 0.1 %

Shares of EPD stock traded up $0.04 during trading hours on Friday, reaching $31.34. 3,819,993 shares of the company's stock were exchanged, compared to its average volume of 5,273,323. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a market cap of $67.87 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.37 and a beta of 0.78. 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's 50 day moving average is $32.40 and its 200-day moving average is $31.91.

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 analysts' consensus estimates 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 company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm's quarterly revenue was down 2.9% on a year-over-year basis. Analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.83%. 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.