Blue Capital Inc. Invests $3.57 Million in Enterprise Products Partners L.P. (NYSE:EPD)

Blue Capital Inc. purchased a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 113,815 shares of the oil and gas producer’s stock, valued at approximately $3,569,000. Enterprise Products Partners comprises about 2.5% of Blue Capital Inc.’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of Enterprise Products Partners by 1.3% during the 4th quarter. Invesco Ltd. now owns 27,076,718 shares of the oil and gas producer’s stock worth $849,126,000 after purchasing an additional 359,288 shares during the period. FMR LLC lifted its stake in shares of Enterprise Products Partners by 2.1% during 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 last quarter. Kayne Anderson Capital Advisors LP grew its position in Enterprise Products Partners by 16.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 13,588,164 shares of the oil and gas producer’s stock valued at $426,125,000 after acquiring an additional 1,947,017 shares during the last quarter. Stifel Financial Corp boosted its position in Enterprise Products Partners by 10.1% in the 4th quarter. Stifel Financial Corp now owns 3,822,076 shares of the oil and gas producer’s stock valued at $119,861,000 after buying an additional 351,387 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Enterprise Products Partners by 10.7% during the fourth quarter. LPL Financial LLC now owns 3,326,224 shares of the oil and gas producer’s stock valued at $104,310,000 after buying an additional 321,145 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $30.41 on Monday. Enterprise Products Partners L.P. has a one year low of $27.37 and a one year high of $34.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a market cap of $65.86 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.37 and a beta of 0.67. The stock has a 50-day moving average of $32.06 and a two-hundred day moving average of $32.01.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.66 earnings per share. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 7.04%. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Morgan Stanley boosted their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Barclays increased their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Finally, Wolfe Research lowered Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.89.

Enterprise Products Partners Company 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.