Segment Wealth Management LLC lessened its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,758 shares of the oil and gas producer’s stock after selling 16,684 shares during the quarter. Enterprise Products Partners makes up 1.7% of Segment Wealth Management LLC’s holdings, making the stock its 8th biggest position. Segment Wealth Management LLC’s holdings in Enterprise Products Partners were worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in Enterprise Products Partners by 14.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 500 shares during the last quarter. Ffcm LLC acquired a new stake in Enterprise Products Partners during the 3rd quarter valued at $112,000. Trust Department MB Financial Bank N A lifted its holdings in Enterprise Products Partners by 81.4% during the 4th quarter. Trust Department MB Financial Bank N A now owns 5,528 shares of the oil and gas producer’s stock valued at $147,000 after purchasing an additional 2,480 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Enterprise Products Partners by 571.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock valued at $153,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new stake in Enterprise Products Partners during the 2nd quarter valued at $168,000. 37.08% of the stock is owned by institutional investors.

Enterprise Products Partners L.P. (NYSE:EPD) opened at $29.40 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $61,936.72, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.77 and a beta of 0.88. Enterprise Products Partners L.P. has a 12-month low of $23.59 and a 12-month high of $30.25.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.69 billion. Enterprise Products Partners had a return on equity of 12.02% and a net margin of 9.83%. sell-side analysts forecast that Enterprise Products Partners L.P. will post 1.3 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.425 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.70 annualized dividend and a yield of 5.78%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 135.20%.

In related news, Director Carin Marcy Barth purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aj Teague purchased 11,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was bought at an average price of $26.47 per share, for a total transaction of $299,111.00. Following the transaction, the chief executive officer now directly owns 1,474,183 shares of the company’s stock, valued at approximately $39,021,624.01. The disclosure for this purchase can be found here. Insiders have acquired a total of 31,550 shares of company stock worth $799,256 in the last quarter. Company insiders own 37.50% of the company’s stock.

Several equities research analysts have issued reports on EPD shares. Credit Suisse Group started coverage on Enterprise Products Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $31.00 price target for the company. Scotiabank set a $33.00 price target on Enterprise Products Partners and gave the company a “buy” rating in a report on Sunday, October 15th. Bank of America started coverage on Enterprise Products Partners in a report on Tuesday, January 9th. They set a “buy” rating for the company. BMO Capital Markets set a $33.00 price target on Enterprise Products Partners and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Seaport Global Securities started coverage on Enterprise Products Partners in a report on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.99.

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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.

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

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