Enterprise Products Partners L.P. $EPD is GP Brinson Investments LLC’s 7th Largest Position

GP Brinson Investments LLC lowered its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 53.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,463 shares of the oil and gas producer’s stock after selling 306,466 shares during the period. Enterprise Products Partners comprises 3.7% of GP Brinson Investments LLC’s portfolio, making the stock its 7th largest holding. GP Brinson Investments LLC’s holdings in Enterprise Products Partners were worth $8,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. PMG Family Office LLC acquired a new position in shares of Enterprise Products Partners during the 3rd quarter worth approximately $483,000. IFP Advisors Inc grew its holdings in Enterprise Products Partners by 6.2% during the 3rd quarter. IFP Advisors Inc now owns 38,295 shares of the oil and gas producer’s stock valued at $1,197,000 after buying an additional 2,237 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Enterprise Products Partners during the third quarter worth $292,194,000. Sunbelt Securities Inc. increased its position in Enterprise Products Partners by 6.1% during the third quarter. Sunbelt Securities Inc. now owns 225,956 shares of the oil and gas producer’s stock worth $7,066,000 after buying an additional 13,008 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Enterprise Products Partners in the third quarter worth $68,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $37.07 on Thursday. The company has a market cap of $80.14 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.50 and a beta of 0.59. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. Enterprise Products Partners L.P. has a 52 week low of $27.77 and a 52 week high of $38.22. The business has a fifty day simple moving average of $35.11 and a 200-day simple moving average of $32.87.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, January 30th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is currently 82.71%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EPD. Jefferies Financial Group restated a “hold” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Wolfe Research downgraded shares of Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a research note on Wednesday, January 14th. Citigroup restated a “buy” rating and issued a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Scotiabank raised their price target on shares of Enterprise Products Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Raymond James Financial downgraded shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target for the company. in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.14.

Insider Activity

In related news, Director John R. Rutherford bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $32.09 per share, with a total value of $481,350.00. Following the completion of the transaction, the director owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. The trade was a 9.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 32.60% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.