Brooks Moore & Associates Inc. Takes Position in Enterprise Products Partners L.P. (NYSE:EPD)

Brooks Moore & Associates Inc. purchased a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,665 shares of the oil and gas producer’s stock, valued at approximately $209,000.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP boosted its stake in shares of Enterprise Products Partners by 16.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer’s stock worth $426,125,000 after buying an additional 1,947,017 shares during the period. Barclays PLC lifted its position in Enterprise Products Partners by 110.0% during 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. Susquehanna Fundamental Investments LLC purchased a new position in shares of Enterprise Products Partners in the 4th quarter valued at approximately $36,279,000. KDK Private Wealth Management LLC acquired a new position in shares of Enterprise Products Partners in the fourth quarter valued at approximately $22,333,000. Finally, Strategic Financial Concepts LLC raised its stake in shares of Enterprise Products Partners by 3,884.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer’s stock worth $21,414,000 after purchasing an additional 665,716 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $30.00 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $64.97 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The business has a fifty day moving average of $31.99 and a 200-day moving average of $32.01.

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

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EPD shares. StockNews.com lowered shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. 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 note on Thursday, March 27th. Scotiabank raised their price objective 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. Barclays boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Finally, Morgan Stanley raised their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.89.

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.