Bleakley Financial Group LLC Purchases 3,591 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Bleakley Financial Group LLC raised its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 14.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,936 shares of the oil and gas producer’s stock after purchasing an additional 3,591 shares during the quarter. Bleakley Financial Group LLC’s holdings in Enterprise Products Partners were worth $762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. boosted its holdings in shares of Enterprise Products Partners by 8.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock valued at $128,000 after acquiring an additional 371 shares during the last quarter. Americana Partners LLC boosted its holdings in shares of Enterprise Products Partners by 3.8% during the 4th quarter. Americana Partners LLC now owns 1,578,604 shares of the oil and gas producer’s stock valued at $41,559,000 after acquiring an additional 57,300 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of Enterprise Products Partners by 1.2% during the 4th quarter. Joel Isaacson & Co. LLC now owns 100,187 shares of the oil and gas producer’s stock valued at $2,640,000 after acquiring an additional 1,170 shares during the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $2,681,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Enterprise Products Partners by 5.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 125,818 shares of the oil and gas producer’s stock valued at $3,315,000 after acquiring an additional 6,414 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Scotiabank raised their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. Stifel Nicolaus raised their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays raised their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Finally, Wells Fargo & Company raised their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Price Performance

EPD stock opened at $29.06 on Friday. The stock has a market cap of $63.01 billion, a PE ratio of 11.53 and a beta of 1.02. Enterprise Products Partners L.P. has a 12 month low of $25.19 and a 12 month high of $29.99. The company has a 50-day moving average price of $28.14 and a 200 day moving average price of $27.22. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The company 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 firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.62 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

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

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.