Nelson Van Denburg & Campbell Wealth Management Group LLC lowered its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 28,264 shares of the oil and gas producer’s stock after selling 1,301 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Enterprise Products Partners were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EPD. Energy Income Partners LLC boosted its stake in shares of Enterprise Products Partners by 14.2% in the 4th quarter. Energy Income Partners LLC now owns 20,868,803 shares of the oil and gas producer’s stock worth $513,164,000 after buying an additional 2,596,527 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Enterprise Products Partners by 14.3% in the 4th quarter. BlackRock Inc. now owns 15,304,914 shares of the oil and gas producer’s stock worth $376,347,000 after purchasing an additional 1,912,588 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Enterprise Products Partners by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,165,898 shares of the oil and gas producer’s stock worth $372,930,000 after purchasing an additional 728,719 shares during the period. Chickasaw Capital Management LLC raised its holdings in shares of Enterprise Products Partners by 3.4% in the 1st quarter. Chickasaw Capital Management LLC now owns 11,752,297 shares of the oil and gas producer’s stock worth $341,992,000 after purchasing an additional 391,329 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Enterprise Products Partners by 71.9% in the 4th quarter. Deutsche Bank AG now owns 11,279,445 shares of the oil and gas producer’s stock worth $277,359,000 after purchasing an additional 4,719,647 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Shares of EPD stock opened at $28.83 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 0.99. Enterprise Products Partners L.P. has a 1 year low of $23.33 and a 1 year high of $30.05. The firm has a market cap of $62.30 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 3.53 and a beta of 0.95.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Enterprise Products Partners had a net margin of 12.67% and a return on equity of 19.50%. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $9.23 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.4375 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.75 dividend on an annualized basis and a yield of 6.07%. Enterprise Products Partners’s payout ratio is presently 90.21%.

A number of equities research analysts recently commented on the stock. Goldman Sachs Group raised shares of Enterprise Products Partners from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $32.00 in a report on Tuesday, April 2nd. Zacks Investment Research raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, April 11th. Evercore ISI assumed coverage on shares of Enterprise Products Partners in a report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Finally, Bank of America set a $32.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.27.

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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.

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

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