Susquehanna Fundamental Investments LLC Invests $36.28 Million in Enterprise Products Partners L.P. (NYSE:EPD)

Susquehanna Fundamental Investments LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,156,871 shares of the oil and gas producer's stock, valued at approximately $36,279,000. Enterprise Products Partners makes up about 0.5% of Susquehanna Fundamental Investments LLC's holdings, making the stock its 20th largest holding. Susquehanna Fundamental Investments LLC owned about 0.05% of Enterprise Products Partners as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of EPD. Northern Right Capital Management L.P. acquired a new position in shares of Enterprise Products Partners during the fourth quarter worth $3,293,000. New Vernon Investment Management LLC increased its position in shares of Enterprise Products Partners by 913.9% during the fourth quarter. New Vernon Investment Management LLC now owns 164,976 shares of the oil and gas producer's stock worth $5,174,000 after purchasing an additional 148,705 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Enterprise Products Partners by 2.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 163,082 shares of the oil and gas producer's stock worth $5,114,000 after purchasing an additional 3,871 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Enterprise Products Partners by 16.1% during the fourth quarter. Hancock Whitney Corp now owns 14,098 shares of the oil and gas producer's stock worth $442,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Kamunting Street Capital Management L.P. increased its position in shares of Enterprise Products Partners by 7.2% during the fourth quarter. Kamunting Street Capital Management L.P. now owns 741,991 shares of the oil and gas producer's stock worth $23,269,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

NYSE:EPD traded up $0.17 during mid-day trading on Monday, hitting $31.39. The company's stock had a trading volume of 4,944,070 shares, compared to its average volume of 4,366,832. 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 debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock has a market cap of $67.98 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.37 and a beta of 0.78. The business's fifty day moving average is $32.36 and its two-hundred day moving average is $31.96.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 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 company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. Analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's payout ratio is 79.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPD. JPMorgan Chase & Co. upped their price target on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Barclays upped their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Scotiabank upped their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.89.

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.