Jupiter Asset Management Ltd. Reduces Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Jupiter Asset Management Ltd. decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 27.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 584,808 shares of the oil and gas producer’s stock after selling 224,853 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Enterprise Products Partners were worth $12,872,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EPD. California Public Employees Retirement System boosted its stake in shares of Enterprise Products Partners by 4.8% during the fourth quarter. California Public Employees Retirement System now owns 3,580,956 shares of the oil and gas producer’s stock worth $70,151,000 after buying an additional 163,638 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Enterprise Products Partners by 14.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 30,043 shares of the oil and gas producer’s stock worth $589,000 after buying an additional 3,779 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Enterprise Products Partners by 178.0% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,458 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 3,495 shares during the period. Wade G W & Inc. acquired a new stake in Enterprise Products Partners in the fourth quarter valued at about $248,000. Finally, Galvin Gaustad & Stein LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at about $721,000. Institutional investors and hedge funds own 28.59% of the company’s stock.

NYSE:EPD opened at $25.05 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.00 and a quick ratio of 0.65. The firm has a market cap of $54.74 billion, a price-to-earnings ratio of 14.65 and a beta of 1.40. The company’s fifty day simple moving average is $23.45. Enterprise Products Partners L.P. has a twelve month low of $14.90 and a twelve month high of $25.09.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Sunday, May 2nd. The oil and gas producer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Enterprise Products Partners had a net margin of 13.04% and a return on equity of 17.87%. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. Equities research analysts forecast that Enterprise Products Partners L.P. will post 2.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 12th. Shareholders of record on Friday, April 30th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, April 29th. This represents a $1.80 dividend on an annualized basis and a yield of 7.19%. Enterprise Products Partners’s dividend payout ratio is currently 85.31%.

A number of brokerages recently commented on EPD. Morgan Stanley raised their price objective on shares of Enterprise Products Partners from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, March 22nd. TD Securities began coverage on shares of Enterprise Products Partners in a research report on Tuesday, April 6th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of Enterprise Products Partners from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 13th. Thirteen investment analysts have rated the stock with a buy rating, Enterprise Products Partners currently has an average rating of “Buy” and a consensus target price of $25.50.

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. The company operates through 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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