Sabal Trust CO Has $671,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Sabal Trust CO cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,651 shares of the oil and gas producer’s stock after selling 1,000 shares during the period. Sabal Trust CO’s holdings in Enterprise Products Partners were worth $671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in Enterprise Products Partners by 1.3% during the fourth quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer’s stock worth $849,126,000 after buying an additional 359,288 shares in the last quarter. FMR LLC lifted its position in shares of Enterprise Products Partners by 2.1% in the 4th quarter. FMR LLC now owns 14,734,295 shares of the oil and gas producer’s stock worth $462,067,000 after acquiring an additional 304,997 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in shares of Enterprise Products Partners by 16.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer’s stock worth $426,125,000 after purchasing an additional 1,947,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enterprise Products Partners by 8.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,546,528 shares of the oil and gas producer’s stock worth $330,739,000 after purchasing an additional 851,188 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in Enterprise Products Partners by 11.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 5,830,088 shares of the oil and gas producer’s stock worth $182,832,000 after buying an additional 580,850 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Down 1.0%

NYSE EPD opened at $30.80 on Thursday. The stock’s 50 day simple moving average is $31.21 and its 200 day simple moving average is $32.10. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The firm has a market cap of $66.80 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. During the same period in the prior year, the firm posted $0.66 EPS. Enterprise Products Partners’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Barclays decreased their price objective on Enterprise Products Partners from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday, May 20th. Wall Street Zen raised Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

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.