Creegan & Nassoura Financial Group LLC Lowers Position in Enterprise Products Partners L.P. (NYSE:EPD)

Creegan & Nassoura Financial Group LLC trimmed its position in Enterprise Products Partners L.P. (NYSE:EPD) by 25.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,158 shares of the oil and gas producer’s stock after selling 20,206 shares during the period. Creegan & Nassoura Financial Group LLC’s holdings in Enterprise Products Partners were worth $1,824,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP boosted its position in shares of Enterprise Products Partners by 16.7% during the fourth 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 buying an additional 1,947,017 shares during the last quarter. Barclays PLC boosted its holdings in shares of Enterprise Products Partners by 110.0% during the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer’s stock valued at $73,699,000 after acquiring an additional 1,326,010 shares during the last quarter. KDK Private Wealth Management LLC purchased a new stake in Enterprise Products Partners in the fourth quarter worth approximately $22,333,000. Strategic Financial Concepts LLC raised its stake in Enterprise Products Partners by 3,884.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 682,853 shares of the oil and gas producer’s stock valued at $21,414,000 after buying an additional 665,716 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new position in shares of Enterprise Products Partners during the 4th quarter valued at $13,599,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Barclays boosted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. StockNews.com upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, Citigroup reissued a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.89.

Enterprise Products Partners Stock Up 2.0 %

Shares of EPD opened at $31.05 on Monday. The firm has a market capitalization of $67.25 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.78. Enterprise Products Partners L.P. has a 12-month low of $27.37 and a 12-month high of $34.63. The firm has a fifty day moving average price of $32.61 and a 200-day moving average price of $31.91. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 79.55%.

About Enterprise Products Partners

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.