Bridges Investment Management Inc. increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 28.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,028 shares of the oil and gas producer’s stock after buying an additional 13,713 shares during the quarter. Bridges Investment Management Inc.’s holdings in Enterprise Products Partners were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Essex Private Wealth Management LLC acquired a new position in Enterprise Products Partners during the 4th quarter valued at $395,000. CNA Financial Corp acquired a new position in Enterprise Products Partners during the 4th quarter valued at $7,040,000. Advisory Alpha LLC raised its stake in Enterprise Products Partners by 315.4% during the 4th quarter. Advisory Alpha LLC now owns 2,077 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 1,577 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in Enterprise Products Partners during the 4th quarter valued at $318,000. Finally, Cedar Mountain Advisors LLC acquired a new position in Enterprise Products Partners during the 4th quarter valued at $28,000. 36.55% of the stock is owned by institutional investors and hedge funds.

Shares of EPD stock opened at $14.11 on Thursday. Enterprise Products Partners L.P. has a 52-week low of $10.27 and a 52-week high of $30.86. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of 6.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.63 and a current ratio of 0.86. The firm has a fifty day moving average of $21.76 and a 200-day moving average of $26.12.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). Enterprise Products Partners had a net margin of 14.00% and a return on equity of 18.88%. The business had revenue of $8.01 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Thursday, April 30th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 12.62%. The ex-dividend date is Wednesday, April 29th. Enterprise Products Partners’s dividend payout ratio is 82.79%.

EPD has been the subject of several research analyst reports. Morgan Stanley cut their target price on shares of Enterprise Products Partners from $32.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. ValuEngine upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Stifel Nicolaus cut their target price on shares of Enterprise Products Partners from $35.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Raymond James cut their target price on shares of Enterprise Products Partners from $36.00 to $27.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 12th. Finally, Piper Sandler cut shares of Enterprise Products Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $24.00 in a research note on Monday, March 9th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $30.20.

In other news, CEO Aj Teague acquired 19,700 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of $25.40 per share, with a total value of $500,380.00. Following the completion of the purchase, the chief executive officer now owns 1,765,713 shares of the company’s stock, valued at $44,849,110.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard H. Bachmann acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were purchased at an average cost of $12.27 per share, for a total transaction of $184,050.00. Following the completion of the purchase, the director now directly owns 1,631,048 shares of the company’s stock, valued at approximately $20,012,958.96. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,113,700 shares of company stock valued at $26,612,360. Corporate insiders own 37.50% of the company’s stock.

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Recommended Story: What is a Special Dividend?

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 (NYSE:EPD)

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