Cwm LLC Has $1.15 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Cwm LLC reduced its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 23.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,513 shares of the oil and gas producer’s stock after selling 13,702 shares during the period. Cwm LLC’s holdings in Enterprise Products Partners were worth $1,147,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EPD. Alps Advisors Inc. raised its holdings in 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. raised its holdings in 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. raised its holdings in 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. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Enterprise Products Partners by 16.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,634,854 shares of the oil and gas producer’s stock valued at $263,706,000 after purchasing an additional 1,325,390 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Enterprise Products Partners by 2,436.1% in the fourth quarter. International Assets Investment Management LLC now owns 1,171,302 shares of the oil and gas producer’s stock valued at $308,640,000 after purchasing an additional 1,125,117 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $29.06 on Friday. Enterprise Products Partners L.P. has a 1-year low of $25.19 and a 1-year high of $29.99. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $28.58 and a 200 day simple moving average of $27.33. The stock has a market capitalization of $63.01 billion, a PE ratio of 11.53 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The firm had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders 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 yield of 7.09%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.75%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EPD. Scotiabank lifted their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Mizuho reiterated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Thursday, April 4th. Stifel Nicolaus lifted their price objective 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. Finally, StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners 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.