Uniting Wealth Partners LLC Makes New Investment in Enterprise Products Partners L.P. (NYSE:EPD)

Uniting Wealth Partners LLC acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,160 shares of the oil and gas producer's stock, valued at approximately $256,000.

A number of other institutional investors also recently made changes to their positions in EPD. Townsquare Capital LLC grew its stake in shares of Enterprise Products Partners by 35.0% during the third quarter. Townsquare Capital LLC now owns 23,920 shares of the oil and gas producer's stock valued at $696,000 after buying an additional 6,203 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its position in Enterprise Products Partners by 11.3% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 8,350 shares of the oil and gas producer's stock worth $243,000 after acquiring an additional 850 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Enterprise Products Partners by 0.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 122,371 shares of the oil and gas producer's stock worth $3,562,000 after acquiring an additional 669 shares during the last quarter. IHT Wealth Management LLC increased its stake in Enterprise Products Partners by 17.0% in the 3rd quarter. IHT Wealth Management LLC now owns 71,335 shares of the oil and gas producer's stock worth $2,080,000 after purchasing an additional 10,350 shares during the period. Finally, Mission Creek Capital Partners Inc. purchased a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $245,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Morgan Stanley raised their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Scotiabank upped their price target 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, JPMorgan Chase & Co. lifted their price objective 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. Four 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 a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Stock Down 7.9 %

EPD traded down $2.64 during midday trading on Friday, reaching $30.83. The company's stock had a trading volume of 14,901,210 shares, compared to its average volume of 4,250,457. The stock's 50-day moving average is $33.41 and its 200-day moving average is $31.86. Enterprise Products Partners L.P. has a 1 year low of $27.37 and a 1 year high of $34.63. The firm has a market capitalization of $66.76 billion, a price-to-earnings ratio of 11.46, a PEG 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.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $14.07 billion. During the same quarter last year, the company earned $0.72 EPS. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 6.94%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. Enterprise Products Partners's dividend payout ratio is 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.