Walleye Capital LLC Has $1.25 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Walleye Capital LLC lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 31.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,886 shares of the oil and gas producer's stock after selling 18,000 shares during the quarter. Walleye Capital LLC's holdings in Enterprise Products Partners were worth $1,251,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP grew its holdings in shares of Enterprise Products Partners by 16.7% during 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 during the last quarter. Barclays PLC increased its position in Enterprise Products Partners by 110.0% in 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 period. KDK Private Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the fourth quarter valued at $22,333,000. Strategic Financial Concepts LLC grew its position in shares of Enterprise Products Partners by 3,884.7% during 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 acquiring an additional 665,716 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Enterprise Products Partners during the 4th quarter valued at about $13,599,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

EPD has been the topic of several recent analyst reports. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Scotiabank upped their target price 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. Finally, Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Trading Up 0.9 %

Shares of NYSE:EPD traded up $0.28 during midday trading on Wednesday, reaching $30.98. The company had a trading volume of 1,552,300 shares, compared to its average volume of 4,375,449. The company has a fifty day simple moving average of $32.50 and a two-hundred day simple moving average of $31.91. The firm has a market cap of $67.09 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. 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 quick ratio of 0.83 and a current ratio of 1.07.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued 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 business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. Research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.91%. Enterprise Products Partners's dividend payout ratio is 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.