15,912 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Purchased by Saxon Interests Inc.

Saxon Interests Inc. acquired a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,912 shares of the oil and gas producer’s stock, valued at approximately $419,000.

Other hedge funds have also modified their holdings of the company. Miller Howard Investments Inc. NY grew its holdings in shares of Enterprise Products Partners by 7.1% during the third quarter. Miller Howard Investments Inc. NY now owns 3,189,590 shares of the oil and gas producer’s stock worth $87,299,000 after buying an additional 210,603 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Enterprise Products Partners by 8.7% during the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock worth $1,055,000 after buying an additional 3,075 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Enterprise Products Partners during the third quarter worth about $3,793,000. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Enterprise Products Partners by 16.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 1,794,073 shares of the oil and gas producer’s stock worth $49,104,000 after buying an additional 254,175 shares in the last quarter. Finally, CFM Wealth Partners LLC bought a new position in shares of Enterprise Products Partners during the fourth quarter worth about $3,739,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EPD. Wells Fargo & Company raised their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Mizuho raised their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Barclays raised their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Stifel Nicolaus raised their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Buy” and an average target price of $32.55.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded up $0.13 during midday trading on Thursday, hitting $29.18. 5,554,701 shares of the company’s stock were exchanged, compared to its average volume of 4,935,889. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. Enterprise Products Partners L.P. has a 12 month low of $25.19 and a 12 month high of $29.26. The company’s 50 day moving average price is $27.56 and its 200 day moving average price is $27.03. The firm has a market capitalization of $63.27 billion, a PE ratio of 11.61 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company 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 firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. As a group, analysts predict that Enterprise Products Partners L.P. will post 2.64 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.515 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.50. This represents a $2.06 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend was Tuesday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 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.