Robertson Stephens Wealth Management LLC Purchases 25,261 Shares of Enterprise Products Partners L.P. $EPD

Robertson Stephens Wealth Management LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 74.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,377 shares of the oil and gas producer’s stock after buying an additional 25,261 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Enterprise Products Partners were worth $1,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Enterprise Products Partners by 4.7% during the 4th quarter. Fifth Third Bancorp now owns 22,598 shares of the oil and gas producer’s stock valued at $724,000 after buying an additional 1,010 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Enterprise Products Partners by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 85,587 shares of the oil and gas producer’s stock worth $2,744,000 after purchasing an additional 867 shares in the last quarter. Sigma Planning Corp raised its holdings in Enterprise Products Partners by 5.4% in the 4th quarter. Sigma Planning Corp now owns 35,645 shares of the oil and gas producer’s stock worth $1,143,000 after purchasing an additional 1,825 shares in the last quarter. Belleair Asset Management LLC bought a new position in Enterprise Products Partners in the 4th quarter worth $358,000. Finally, Citizens Financial Group Inc. RI raised its holdings in Enterprise Products Partners by 12.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 30,727 shares of the oil and gas producer’s stock worth $985,000 after purchasing an additional 3,403 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Key Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

Enterprise Products Partners Stock Performance

Shares of NYSE EPD opened at $38.13 on Friday. The firm’s 50-day moving average price is $37.51 and its 200-day moving average price is $34.24. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The company has a market cap of $82.42 billion, a PE ratio of 14.12, a PEG ratio of 1.44 and a beta of 0.52. Enterprise Products Partners L.P. has a 52-week low of $29.68 and a 52-week high of $39.74.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.56%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.89 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.48%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Tuesday, March 31st. UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. Raymond James Financial downgraded shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective on the stock. in a research report on Monday, January 5th. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $42.00 in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Products Partners in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Read Our Latest Stock Report on EPD

Insider Activity

In related news, CEO Aj Teague purchased 2,665 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.60% of the stock is currently owned by insiders.

Enterprise Products Partners Company Profile

(Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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

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