8,046 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Purchased by Tradewinds LLC.

Tradewinds LLC. acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,046 shares of the oil and gas producer's stock, valued at approximately $267,000.

Other hedge funds also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP raised its stake in Enterprise Products Partners by 16.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer's stock valued at $426,125,000 after purchasing an additional 1,947,017 shares in the last quarter. Barclays PLC boosted its stake in shares of 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 valued at $73,699,000 after purchasing an additional 1,326,010 shares during the period. Merewether Investment Management LP purchased a new stake in Enterprise Products Partners during the 3rd quarter valued at $30,746,000. Strategic Financial Concepts LLC grew its stake in shares of Enterprise Products Partners by 3,884.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer's stock worth $21,414,000 after purchasing an additional 665,716 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth approximately $13,599,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, Wells Fargo & Company lowered shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price for the company. in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of "Moderate Buy" and an average target price of $36.60.

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Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded down $2.76 during midday trading on Friday, hitting $30.71. The stock had a trading volume of 12,494,653 shares, compared to its average volume of 4,247,557. The company has a market capitalization of $66.52 billion, a PE ratio of 11.39, a P/E/G ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 52-week low of $27.37 and a 52-week high of $34.63. The firm's fifty day moving average is $33.47 and its two-hundred day moving average is $31.84. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The company 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 company earned $0.72 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 dividend on an annualized basis and a yield of 6.97%. 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.