Cypress Capital Management LLC WY Has $366,000 Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Cypress Capital Management LLC WY cut its position in Enterprise Products Partners L.P. (NYSE:EPD) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,875 shares of the oil and gas producer’s stock after selling 1,570 shares during the period. Cypress Capital Management LLC WY’s holdings in Enterprise Products Partners were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. increased its position in shares of Enterprise Products Partners by 8.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,897 shares of the oil and gas producer’s stock worth $128,000 after acquiring an additional 371 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Enterprise Products Partners by 3.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 11,969 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 386 shares during the last quarter. Ellsworth Advisors LLC increased its position in shares of Enterprise Products Partners by 1.9% during the 4th quarter. Ellsworth Advisors LLC now owns 21,173 shares of the oil and gas producer’s stock worth $558,000 after purchasing an additional 393 shares during the last quarter. Register Financial Advisors LLC increased its position in shares of Enterprise Products Partners by 2.3% during the 4th quarter. Register Financial Advisors LLC now owns 17,320 shares of the oil and gas producer’s stock worth $456,000 after purchasing an additional 397 shares during the last quarter. Finally, Your Advocates Ltd. LLP increased its position in shares of Enterprise Products Partners by 1.9% during the 3rd quarter. Your Advocates Ltd. LLP now owns 22,481 shares of the oil and gas producer’s stock worth $615,000 after purchasing an additional 412 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPD has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Scotiabank boosted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 4th. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Stock Performance

EPD traded down $0.02 during trading on Monday, hitting $28.53. The stock had a trading volume of 3,693,410 shares, compared to its average volume of 4,953,271. The company has a 50 day moving average price of $28.58 and a 200-day moving average price of $27.33. The firm has a market cap of $61.86 billion, a price-to-earnings ratio of 11.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. Enterprise Products Partners L.P. has a one year low of $25.19 and a one year high of $29.99.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.22%. Enterprise Products Partners’s payout ratio is 81.75%.

Enterprise Products Partners 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.