Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Moseley Investment Management Inc.

Moseley Investment Management Inc. reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,077 shares of the oil and gas producer’s stock after selling 4,496 shares during the quarter. Moseley Investment Management Inc.’s holdings in Enterprise Products Partners were worth $1,320,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EPD. Thoroughbred Financial Services LLC purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter worth $439,000. Oppenheimer Asset Management Inc. boosted its holdings in Enterprise Products Partners by 1.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 63,938 shares of the oil and gas producer’s stock worth $1,853,000 after buying an additional 611 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in Enterprise Products Partners during the second quarter worth about $424,000. Moors & Cabot Inc. increased its holdings in Enterprise Products Partners by 2.0% in the second quarter. Moors & Cabot Inc. now owns 390,379 shares of the oil and gas producer’s stock valued at $11,313,000 after buying an additional 7,723 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Enterprise Products Partners by 6.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 169,918 shares of the oil and gas producer’s stock valued at $4,924,000 after acquiring an additional 10,265 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Up 2.7 %

Shares of NYSE EPD opened at $33.43 on Wednesday. The firm has a market cap of $72.46 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. Enterprise Products Partners L.P. has a 1 year low of $26.12 and a 1 year high of $34.63. The firm’s 50 day moving average price is $31.87 and its 200 day moving average price is $30.15.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The business had revenue of $13.78 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the prior year, the firm earned $0.60 EPS. Enterprise Products Partners’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.535 per share. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Friday, January 31st. Enterprise Products Partners’s dividend payout ratio is presently 80.15%.

Wall Street Analysts Forecast Growth

EPD has been the subject of several research analyst reports. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 10th. US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. Finally, Bank of America started coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

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.