RGT Capital Management Ltd. cut its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 26.2% during the first quarter, Holdings Channel reports. The fund owned 27,455 shares of the oil and gas producer’s stock after selling 9,763 shares during the period. RGT Capital Management Ltd.’s holdings in Enterprise Products Partners L.P. were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EPD. Dubuque Bank & Trust Co. increased its position in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 2,615 shares during the last quarter. Baystate Wealth Management LLC increased its position in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 3,982 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Enterprise Products Partners L.P. during the first quarter valued at approximately $140,000. Intellectus Partners LLC increased its position in shares of Enterprise Products Partners L.P. by 8.0% in the first quarter. Intellectus Partners LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 399 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Enterprise Products Partners L.P. by 6.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 7,000 shares of the oil and gas producer’s stock valued at $193,000 after buying an additional 405 shares during the last quarter. 38.52% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.65 on Tuesday. The stock has a market cap of $59.07 billion, a PE ratio of 22.39 and a beta of 0.89. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The company’s 50 day moving average is $26.79 and its 200 day moving average is $27.40.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $6.05 billion. Enterprise Products Partners L.P. had a net margin of 10.31% and a return on equity of 11.73%. The firm’s revenue was up 46.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 7th. Shareholders of record on Monday, July 31st will be given a dividend of $0.42 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a yield of 6.08%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 133.87%.

COPYRIGHT VIOLATION NOTICE: “RGT Capital Management Ltd. Sells 9,763 Shares of Enterprise Products Partners L.P. (EPD)” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/07/18/rgt-capital-management-ltd-sells-9763-shares-of-enterprise-products-partners-l-p-epd.html.

Several research analysts have commented on the stock. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday. Sanford C. Bernstein assumed coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating for the company. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.37 to $26.50 in a report on Thursday, June 15th. Finally, Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a report on Monday, April 24th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.05.

Enterprise Products Partners L.P. Company Profile

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.

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.