NWQ Investment Management Company LLC lifted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 8.3% in the 4th quarter, HoldingsChannel reports. The firm owned 856,526 shares of the oil and gas producer’s stock after purchasing an additional 65,306 shares during the quarter. NWQ Investment Management Company LLC’s holdings in Enterprise Products Partners were worth $22,707,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EPD. Ffcm LLC bought a new position in shares of Enterprise Products Partners in the third quarter worth $112,000. Global Trust Asset Management LLC bought a new position in Enterprise Products Partners during the fourth quarter valued at about $123,000. Vigilant Capital Management LLC bought a new position in Enterprise Products Partners during the fourth quarter valued at about $126,000. Johnson Financial Group Inc. boosted its stake in Enterprise Products Partners by 315.8% during the fourth quarter. Johnson Financial Group Inc. now owns 5,256 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 3,992 shares in the last quarter. Finally, First Dallas Securities Inc. bought a new position in Enterprise Products Partners during the fourth quarter valued at about $143,000. 36.35% of the stock is owned by institutional investors.

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Several research analysts recently weighed in on EPD shares. Credit Suisse Group started coverage on Enterprise Products Partners in a research note on Thursday, January 4th. They set an “outperform” rating and a $31.00 target price for the company. Tudor Pickering raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. UBS Group reaffirmed a “buy” rating and set a $34.00 target price (down previously from $36.00) on shares of Enterprise Products Partners in a research note on Friday, March 2nd. Jefferies Group reaffirmed a “buy” rating and set a $31.00 target price on shares of Enterprise Products Partners in a research note on Friday, January 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research note on Tuesday, January 16th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $31.33.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at $26.03 on Wednesday. Enterprise Products Partners L.P. has a fifty-two week low of $23.59 and a fifty-two week high of $29.51. The company has a market capitalization of $56,901.63, a price-to-earnings ratio of 19.80, a PEG ratio of 4.24 and a beta of 0.86. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Enterprise Products Partners had a return on equity of 12.52% and a net margin of 9.57%. The business had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the prior year, the business posted $0.31 earnings per share. Enterprise Products Partners’s revenue was up 30.1% compared to the same quarter last year. sell-side analysts anticipate that Enterprise Products Partners L.P. will post 1.53 EPS for the current year.

In related news, CEO Aj Teague bought 11,300 shares of Enterprise Products Partners stock in a transaction dated Wednesday, December 27th. The stock was acquired at an average cost of $26.47 per share, with a total value of $299,111.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,474,183 shares in the company, valued at approximately $39,021,624.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.50% of the company’s stock.

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Enterprise Products Partners 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.

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

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