Enterprise Products Partners L.P. $EPD Shares Sold by GP Brinson Investments LLC

GP Brinson Investments LLC lowered its position in Enterprise Products Partners L.P. (NYSE:EPD) by 53.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 271,463 shares of the oil and gas producer’s stock after selling 306,466 shares during the quarter. Enterprise Products Partners accounts for 3.7% of GP Brinson Investments LLC’s investment portfolio, making the stock its 7th biggest position. GP Brinson Investments LLC’s holdings in Enterprise Products Partners were worth $8,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EPD. Winnow Wealth LLC purchased a new position in shares of Enterprise Products Partners in the 2nd quarter worth about $28,000. Traub Capital Management LLC purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter worth about $31,000. Palisade Asset Management LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $31,000. Abich Financial Wealth Management LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $32,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in Enterprise Products Partners in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Insider Activity

In other Enterprise Products Partners news, Director John R. Rutherford purchased 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $32.09 per share, with a total value of $481,350.00. Following the completion of the acquisition, the director owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. This trade represents a 9.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 32.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $34.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Scotiabank raised their target price on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday. Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Finally, Raymond James Financial lowered Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective on the stock. in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.14.

Enterprise Products Partners Trading Down 1.2%

EPD opened at $37.07 on Thursday. The firm has a market capitalization of $80.14 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.50 and a beta of 0.59. The firm’s 50 day moving average is $35.11 and its 200-day moving average is $32.87. Enterprise Products Partners L.P. has a 52-week low of $27.77 and a 52-week high of $38.22. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The business had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same period last year, the business earned $0.74 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $0.55 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, January 30th. Enterprise Products Partners’s payout ratio is 82.71%.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.