Segall Bryant & Hamill LLC Sells 8,401 Shares of Enterprise Products Partners L.P. (EPD)

Segall Bryant & Hamill LLC decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 630,178 shares of the oil and gas producer’s stock after selling 8,401 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Enterprise Products Partners were worth $16,706,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Lake Street Advisors Group LLC bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth about $662,000. DF Dent & Co. Inc. grew its holdings in shares of Enterprise Products Partners by 132.3% in the 4th quarter. DF Dent & Co. Inc. now owns 39,895 shares of the oil and gas producer’s stock worth $1,058,000 after purchasing an additional 22,720 shares during the last quarter. Newport Wealth Strategies Inc. bought a new stake in shares of Enterprise Products Partners in the 4th quarter worth about $280,000. BB&T Securities LLC grew its holdings in shares of Enterprise Products Partners by 9.5% in the 4th quarter. BB&T Securities LLC now owns 322,096 shares of the oil and gas producer’s stock worth $8,538,000 after purchasing an additional 27,863 shares during the last quarter. Finally, Argent Trust Co grew its holdings in shares of Enterprise Products Partners by 8.1% in the 4th quarter. Argent Trust Co now owns 32,989 shares of the oil and gas producer’s stock worth $875,000 after purchasing an additional 2,485 shares during the last quarter. Institutional investors own 36.27% of the company’s stock.

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EPD has been the topic of several analyst reports. Credit Suisse Group initiated coverage on shares of Enterprise Products Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $31.00 target price on the stock. Tudor Pickering raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. UBS reaffirmed a “buy” rating and issued a $34.00 target price (down previously from $36.00) on shares of Enterprise Products Partners in a report on Friday, March 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $31.00 target price on shares of Enterprise Products Partners in a report on Friday, January 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.33.

Shares of Enterprise Products Partners L.P. (EPD) opened at $24.77 on Tuesday. Enterprise Products Partners L.P. has a fifty-two week low of $23.10 and a fifty-two week high of $29.51. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95. The company has a market cap of $54,891.81, a PE ratio of 19.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.86.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Enterprise Products Partners had a net margin of 9.57% and a return on equity of 12.52%. The firm had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 30.1% on a year-over-year basis. equities analysts forecast that Enterprise Products Partners L.P. will post 1.54 earnings per share for the current year.

In other Enterprise Products Partners news, CEO Aj Teague bought 11,300 shares of Enterprise Products Partners stock in a transaction dated Wednesday, December 27th. The shares were bought at an average price of $26.47 per share, with a total value of $299,111.00. Following the purchase, the chief executive officer now owns 1,474,183 shares of the company’s stock, valued at $39,021,624.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. 37.50% of the stock is owned by corporate insiders.

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Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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

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