Hollow Brook Wealth Management LLC Has $5.38 Million Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Hollow Brook Wealth Management LLC trimmed its position in Enterprise Products Partners L.P. (NYSE:EPD) by 19.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 204,121 shares of the oil and gas producer’s stock after selling 48,363 shares during the period. Enterprise Products Partners makes up about 2.1% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 14th largest holding. Hollow Brook Wealth Management LLC’s holdings in Enterprise Products Partners were worth $5,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EPD. Cerity Partners LLC raised its stake in Enterprise Products Partners by 89.9% during the 4th quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer’s stock valued at $7,630,000 after purchasing an additional 137,044 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Enterprise Products Partners by 8.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after purchasing an additional 3,075 shares during the last quarter. Cullen Investment Group LTD. acquired a new position in Enterprise Products Partners during the 4th quarter valued at $7,542,000. Sapient Capital LLC acquired a new position in Enterprise Products Partners during the 4th quarter valued at $3,271,000. Finally, Acadian Asset Management LLC acquired a new position in Enterprise Products Partners during the 3rd quarter valued at $3,793,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

Shares of EPD traded down $0.52 during trading hours on Tuesday, hitting $28.07. The stock had a trading volume of 8,876,852 shares, compared to its average volume of 5,008,442. The company’s fifty day moving average is $28.62 and its two-hundred day moving average is $27.34. 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 52 week low of $25.19 and a 52 week high of $29.99. The stock has a market capitalization of $60.86 billion, a price-to-earnings ratio of 11.14 and a beta of 1.02.

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

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 81.75%.

Analyst Upgrades and Downgrades

EPD has been the subject of several research analyst reports. StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Wells Fargo & Company boosted their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Barclays boosted their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Finally, Stifel Nicolaus boosted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Buy” and a consensus target price of $32.58.

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.