Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Eagle Global Advisors LLC

Eagle Global Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,900,792 shares of the oil and gas producer’s stock after buying an additional 66,260 shares during the quarter. Enterprise Products Partners comprises 3.0% of Eagle Global Advisors LLC’s portfolio, making the stock its 9th biggest position. Eagle Global Advisors LLC owned 0.09% of Enterprise Products Partners worth $50,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. grew its position in shares of Enterprise Products Partners by 20.2% during the 3rd quarter. Alps Advisors Inc. now owns 37,951,428 shares of the oil and gas producer’s stock worth $1,038,731,000 after buying an additional 6,369,350 shares during the period. Blackstone Inc. grew its position in shares of Enterprise Products Partners by 12.0% during the 3rd quarter. Blackstone Inc. now owns 23,133,885 shares of the oil and gas producer’s stock worth $633,174,000 after buying an additional 2,472,847 shares during the period. American Century Companies Inc. grew its position in shares of Enterprise Products Partners by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 17,331,648 shares of the oil and gas producer’s stock worth $474,367,000 after buying an additional 2,155,640 shares during the period. Invesco Ltd. lifted its holdings in shares of Enterprise Products Partners by 10.5% during the 3rd quarter. Invesco Ltd. now owns 10,164,886 shares of the oil and gas producer’s stock valued at $278,213,000 after purchasing an additional 969,199 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Enterprise Products Partners by 2.6% during the 3rd quarter. Deutsche Bank AG now owns 4,884,123 shares of the oil and gas producer’s stock valued at $133,678,000 after purchasing an additional 125,450 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Performance

Shares of EPD stock traded down $0.01 during trading on Friday, reaching $28.20. 3,719,521 shares of the company’s stock were exchanged, compared to its average volume of 4,840,146. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $28.83 and its 200-day moving average price is $27.50. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The stock has a market capitalization of $61.24 billion, a PE ratio of 11.06, a PEG ratio of 1.33 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The firm had revenue of $14.76 billion for the quarter, compared to analyst estimates of $13.82 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.71 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is 80.78%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EPD. JPMorgan Chase & Co. cut their price objective on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Barclays boosted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, March 26th. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a research note on Friday, April 5th. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company boosted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.69.

About Enterprise Products Partners

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.