Chilton Capital Management LLC Decreases Position in Enterprise Products Partners L.P. (NYSE:EPD)

Chilton Capital Management LLC trimmed its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 222,670 shares of the oil and gas producer’s stock after selling 11,171 shares during the quarter. Chilton Capital Management LLC’s holdings in Enterprise Products Partners were worth $7,602,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tidemark LLC increased its stake in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 318 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $30,000. Security National Bank purchased a new stake in shares of Enterprise Products Partners in the first quarter valued at $30,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Enterprise Products Partners in the first quarter valued at $31,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EPD has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Scotiabank upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Argus upgraded Enterprise Products Partners to a “strong-buy” rating in a research report on Monday, May 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Finally, Wall Street Zen upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.56.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock opened at $31.49 on Friday. The firm has a market capitalization of $68.29 billion, a P/E ratio of 11.79, a PEG ratio of 1.31 and a beta of 0.64. The stock has a fifty day moving average price of $31.26 and a 200 day moving average price of $32.07. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.80%. Enterprise Products Partners’s dividend payout ratio is presently 80.15%.

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.