Marquette Asset Management Inc. held its position in Enterprise Products Partners L.P. (NYSE:EPD) during the first quarter, Holdings Channel reports. The fund owned 110,020 shares of the oil and gas producer’s stock at the end of the first quarter. Enterprise Products Partners L.P. accounts for about 1.2% of Marquette Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. Marquette Asset Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $3,038,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vantage Investment Advisors LLC raised its position in Enterprise Products Partners L.P. by 1.8% in the third quarter. Vantage Investment Advisors LLC now owns 4,034 shares of the oil and gas producer’s stock valued at $111,000 after buying an additional 73 shares during the period. Archford Capital Strategies LLC boosted its stake in Enterprise Products Partners L.P. by 78.7% in the fourth quarter. Archford Capital Strategies LLC now owns 4,888 shares of the oil and gas producer’s stock worth $132,000 after buying an additional 2,153 shares in the last quarter. Intellectus Partners LLC bought a new stake in Enterprise Products Partners L.P. during the fourth quarter worth about $135,000. Regal Investment Advisors LLC boosted its stake in Enterprise Products Partners L.P. by 0.5% in the third quarter. Regal Investment Advisors LLC now owns 7,362 shares of the oil and gas producer’s stock worth $203,000 after buying an additional 33 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. bought a new stake in Enterprise Products Partners L.P. during the third quarter worth about $204,000. 36.31% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.94% during mid-day trading on Tuesday, reaching $28.01. 1,420,680 shares of the company traded hands. The stock has a market capitalization of $59.26 billion, a price-to-earnings ratio of 23.32 and a beta of 0.91. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The company’s 50 day moving average is $27.60 and its 200 day moving average is $27.05.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings results on Monday, January 30th. The oil and gas producer reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. Enterprise Products Partners L.P. had a net margin of 10.92% and a return on equity of 11.55%. The firm earned $6.48 billion during the quarter, compared to analysts’ expectations of $5.99 billion. During the same quarter in the prior year, the business earned $0.35 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 8th. Stockholders of record on Friday, April 28th will be given a $0.415 dividend. The ex-dividend date is Wednesday, April 26th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.98%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 136.67%.

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A number of equities research analysts recently issued reports on EPD shares. Scotiabank reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Sunday, March 12th. Barclays PLC lifted their price target on shares of Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, January 31st. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Tuesday, April 4th. Guggenheim started coverage on shares of Enterprise Products Partners L.P. in a research note on Monday. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Sanford C. Bernstein set a $34.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Sunday, January 15th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $31.61.

In other news, Director James T. Hackett purchased 33,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was acquired at an average price of $28.65 per share, for a total transaction of $945,450.00. Following the completion of the transaction, the director now directly owns 220,623 shares in the company, valued at approximately $6,320,848.95. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edwin E. Smith sold 15,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $28.02, for a total value of $420,300.00. The disclosure for this sale can be found here. Company insiders own 37.50% of the company’s stock.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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