Virtu Financial LLC Grows Stake in Enterprise Products Partners L.P. $EPD

Virtu Financial LLC lifted its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 30.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,124 shares of the oil and gas producer’s stock after purchasing an additional 14,155 shares during the quarter. Virtu Financial LLC’s holdings in Enterprise Products Partners were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. PMV Capital Advisers LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new position in Enterprise Products Partners in the 3rd quarter worth approximately $31,000. Texas Capital Bancshares Inc TX bought a new position in shares of Enterprise Products Partners during the third quarter valued at $32,000. Daytona Street Capital LLC purchased a new stake in shares of Enterprise Products Partners during the fourth quarter valued at $42,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in shares of Enterprise Products Partners in the fourth quarter worth approximately $45,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $36.60 on Friday. Enterprise Products Partners L.P. has a one year low of $30.01 and a one year high of $40.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91. The stock has a market cap of $79.12 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.30 and a beta of 0.49. The stock’s fifty day moving average is $37.87 and its 200 day moving average is $35.81.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The firm had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.Enterprise Products Partners’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.98 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 6.0%. Enterprise Products Partners’s dividend payout ratio is currently 81.48%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EPD shares. Wells Fargo & Company upgraded 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Enterprise Products Partners in a research report on Wednesday. Stifel Nicolaus increased their price target on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group reissued a “buy” rating and issued a $45.00 target price on shares of Enterprise Products Partners in a research report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating and set a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of “Hold” and an average price target of $39.94.

About Enterprise Products Partners

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.