Schnieders Capital Management LLC Has $1.28 Million Stake in Enterprise Products Partners L.P. (NYSE:EPD)

Schnieders Capital Management LLC reduced its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 33.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,518 shares of the oil and gas producer’s stock after selling 24,250 shares during the quarter. Schnieders Capital Management LLC’s holdings in Enterprise Products Partners were worth $1,278,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cerity Partners LLC boosted its stake in Enterprise Products Partners by 89.9% in the fourth quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer’s stock worth $7,630,000 after purchasing an additional 137,044 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in Enterprise Products Partners by 7.1% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 3,189,590 shares of the oil and gas producer’s stock worth $87,299,000 after acquiring an additional 210,603 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Enterprise Products Partners by 8.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer’s stock valued at $1,055,000 after acquiring an additional 3,075 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Enterprise Products Partners during the fourth quarter worth approximately $7,542,000. Finally, Sapient Capital LLC bought a new stake in shares of Enterprise Products Partners during the fourth quarter valued at approximately $3,271,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EPD. Mizuho reiterated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus upped their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. Finally, StockNews.com upgraded shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Trading Down 0.3 %

Shares of EPD traded down $0.09 during trading hours on Tuesday, reaching $28.91. The stock had a trading volume of 7,291,587 shares, compared to its average volume of 4,942,741. The firm has a 50-day moving average of $28.46 and a 200 day moving average of $27.29. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a market cap of $62.67 billion, a P/E ratio of 11.47 and a beta of 1.02. Enterprise Products Partners L.P. has a 52 week low of $25.19 and a 52 week high of $29.99.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts expect that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s payout ratio is currently 81.75%.

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.