Westwood Holdings Group Inc. Grows Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Westwood Holdings Group Inc. increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,830,088 shares of the oil and gas producer’s stock after acquiring an additional 580,850 shares during the quarter. Enterprise Products Partners comprises approximately 1.4% of Westwood Holdings Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Westwood Holdings Group Inc.’s holdings in Enterprise Products Partners were worth $182,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC lifted its stake in Enterprise Products Partners by 4.3% in the fourth quarter. Tidal Investments LLC now owns 16,358 shares of the oil and gas producer’s stock valued at $513,000 after buying an additional 680 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its stake in Enterprise Products Partners by 21.0% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 11,779 shares of the oil and gas producer’s stock valued at $391,000 after buying an additional 2,048 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in Enterprise Products Partners by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 154,516 shares of the oil and gas producer’s stock valued at $4,846,000 after buying an additional 3,651 shares in the last quarter. Recurrent Investment Advisors LLC lifted its position in shares of Enterprise Products Partners by 14.7% in the fourth quarter. Recurrent Investment Advisors LLC now owns 1,845,243 shares of the oil and gas producer’s stock worth $57,867,000 after purchasing an additional 236,470 shares in the last quarter. Finally, Progeny 3 Inc. lifted its position in shares of Enterprise Products Partners by 1.6% in the fourth quarter. Progeny 3 Inc. now owns 1,871,534 shares of the oil and gas producer’s stock worth $58,691,000 after purchasing an additional 29,500 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $32.44 on Monday. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The business has a fifty day moving average price of $31.64 and a 200-day moving average price of $32.16. The company has a market capitalization of $70.35 billion, a PE ratio of 12.06, a PEG ratio of 1.37 and a beta of 0.67.

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

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 6.60%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 80.15%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EPD. Barclays upped their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Morgan Stanley upped their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th. StockNews.com upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Scotiabank lifted 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 report on Thursday, March 6th. Finally, Argus upgraded shares of Enterprise Products Partners to a “strong-buy” rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

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.