10Elms LLP Invests $621,000 in Enterprise Products Partners L.P. (NYSE:EPD)

10Elms LLP acquired a new stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,818 shares of the oil and gas producer’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPD. Barclays PLC increased its holdings in shares of Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer’s stock worth $73,699,000 after acquiring an additional 1,326,010 shares during the period. Ameritas Advisory Services LLC grew its position in Enterprise Products Partners by 7.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 41,919 shares of the oil and gas producer’s stock worth $1,315,000 after purchasing an additional 2,873 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $228,000. Chesley Taft & Associates LLC raised its holdings in shares of Enterprise Products Partners by 50.8% during the fourth quarter. Chesley Taft & Associates LLC now owns 19,600 shares of the oil and gas producer’s stock valued at $615,000 after buying an additional 6,600 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Enterprise Products Partners by 8.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 236,515 shares of the oil and gas producer’s stock valued at $7,417,000 after buying an additional 18,400 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays lowered their target price on Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup lowered their price target on Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. StockNews.com upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Scotiabank increased their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.56.

Enterprise Products Partners Stock Down 1.0%

NYSE EPD opened at $32.22 on Wednesday. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The company has a market capitalization of $69.88 billion, a P/E ratio of 11.98, a PEG ratio of 1.37 and a beta of 0.67. The company’s 50 day simple moving average is $31.61 and its 200 day simple moving average is $32.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. During the same quarter last year, the firm posted $0.66 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.64%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio is 80.15%.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.