Enterprise Products Partners L.P. (NYSE:EPD) Shares Bought by Linscomb & Williams Inc.

Linscomb & Williams Inc. lifted its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 204,907 shares of the oil and gas producer’s stock after purchasing an additional 29,112 shares during the quarter. Linscomb & Williams Inc.’s holdings in Enterprise Products Partners were worth $5,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its holdings in shares of Enterprise Products Partners by 2.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 214,875 shares of the oil and gas producer’s stock valued at $5,662,000 after buying an additional 4,387 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of Enterprise Products Partners by 71.7% during the 4th quarter. Johnson Financial Group Inc. now owns 3,768 shares of the oil and gas producer’s stock worth $99,000 after buying an additional 1,573 shares in the last quarter. Founders Financial Alliance LLC raised its stake in shares of Enterprise Products Partners by 4.5% in the 4th quarter. Founders Financial Alliance LLC now owns 12,758 shares of the oil and gas producer’s stock worth $336,000 after buying an additional 550 shares in the last quarter. Objectivity Squared LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at $1,062,000. Finally, Eagle Global Advisors LLC boosted its stake in Enterprise Products Partners by 3.6% during the fourth quarter. Eagle Global Advisors LLC now owns 1,900,792 shares of the oil and gas producer’s stock valued at $50,086,000 after buying an additional 66,260 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EPD. Wells Fargo & Company raised their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. dropped their price target on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Stifel Nicolaus increased their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho restated a “buy” rating and issued a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and an average price target of $32.69.

Read Our Latest Stock Report on EPD

Enterprise Products Partners Stock Performance

Shares of EPD stock remained flat at $28.21 during trading on Friday. 3,719,763 shares of the company traded hands, compared to its average volume of 4,503,887. The business’s fifty day moving average is $28.82 and its 200-day moving average is $27.52. Enterprise Products Partners L.P. has a twelve month low of $25.19 and a twelve month high of $29.99. The company has a market capitalization of $61.26 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68.

Enterprise Products Partners (NYSE:EPDGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The business had revenue of $14.76 billion for the quarter, compared to the consensus estimate of $13.82 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.71 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were paid a $0.515 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.30%. Enterprise Products Partners’s payout ratio is 80.78%.

About Enterprise Products Partners

(Free Report)

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.

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

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