Account Management LLC Acquires 33,500 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Account Management LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 13.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 278,380 shares of the oil and gas producer’s stock after acquiring an additional 33,500 shares during the quarter. Enterprise Products Partners accounts for approximately 8.8% of Account Management LLC’s portfolio, making the stock its 3rd largest position. Account Management LLC’s holdings in Enterprise Products Partners were worth $7,335,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EPD. Valmark Advisers Inc. acquired a new stake in Enterprise Products Partners in the 4th quarter worth about $210,000. Delta Investment Management LLC raised its stake in Enterprise Products Partners by 10.2% in the 4th quarter. Delta Investment Management LLC now owns 277,378 shares of the oil and gas producer’s stock worth $7,309,000 after purchasing an additional 25,638 shares in the last quarter. Golden State Equity Partners increased its holdings in Enterprise Products Partners by 8.1% in the 4th quarter. Golden State Equity Partners now owns 32,887 shares of the oil and gas producer’s stock valued at $867,000 after buying an additional 2,454 shares during the period. Kovack Advisors Inc. increased its holdings in Enterprise Products Partners by 15.9% in the 4th quarter. Kovack Advisors Inc. now owns 40,579 shares of the oil and gas producer’s stock valued at $1,069,000 after buying an additional 5,581 shares during the period. Finally, Bryn Mawr Capital Management LLC increased its holdings in Enterprise Products Partners by 5.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 52,357 shares of the oil and gas producer’s stock valued at $1,380,000 after buying an additional 2,754 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Trading Up 0.4 %

Shares of NYSE EPD traded up $0.13 during midday trading on Friday, reaching $29.06. The stock had a trading volume of 7,621,520 shares, compared to its average volume of 4,698,358. The firm has a market cap of $63.01 billion, a price-to-earnings ratio of 11.53 and a beta of 1.02. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93. The company’s 50 day moving average price is $28.58 and its 200 day moving average price is $27.33.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.09%. Enterprise Products Partners’s payout ratio is presently 81.75%.

Analyst Upgrades and Downgrades

EPD has been the topic of several recent analyst reports. Mizuho reissued a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Barclays lifted their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Wells Fargo & Company lifted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Buy” and an average target price of $32.58.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.