Enterprise Products Partners L.P. (EPD) Holdings Reduced by Linscomb & Williams Inc.

Linscomb & Williams Inc. decreased its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,375 shares of the oil and gas producer’s stock after selling 724 shares during the quarter. Linscomb & Williams Inc.’s holdings in Enterprise Products Partners were worth $4,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EPD. Deutsche Bank AG grew its holdings in Enterprise Products Partners by 71.9% in the 4th quarter. Deutsche Bank AG now owns 11,279,445 shares of the oil and gas producer’s stock valued at $277,359,000 after buying an additional 4,719,647 shares during the period. Bank of Montreal Can grew its holdings in Enterprise Products Partners by 86.9% in the 1st quarter. Bank of Montreal Can now owns 8,937,630 shares of the oil and gas producer’s stock valued at $260,084,000 after buying an additional 4,156,710 shares during the period. Energy Income Partners LLC grew its holdings in Enterprise Products Partners by 14.2% in the 4th quarter. Energy Income Partners LLC now owns 20,868,803 shares of the oil and gas producer’s stock valued at $513,164,000 after buying an additional 2,596,527 shares during the period. BlackRock Inc. grew its holdings in Enterprise Products Partners by 14.3% in the 4th quarter. BlackRock Inc. now owns 15,304,914 shares of the oil and gas producer’s stock valued at $376,347,000 after buying an additional 1,912,588 shares during the period. Finally, Ronna Sue Cohen grew its holdings in Enterprise Products Partners by 2,830.8% in the 1st quarter. Ronna Sue Cohen now owns 1,312,120 shares of the oil and gas producer’s stock valued at $1,312,000 after buying an additional 1,267,350 shares during the period. Institutional investors own 36.41% of the company’s stock.

Shares of NYSE:EPD opened at $28.34 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.58. Enterprise Products Partners L.P. has a 1 year low of $23.33 and a 1 year high of $30.05. The stock has a market cap of $61.25 billion, a PE ratio of 14.61, a PEG ratio of 3.52 and a beta of 0.95.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. Enterprise Products Partners had a return on equity of 19.50% and a net margin of 12.67%. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $9.23 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.05 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.4375 per share. The ex-dividend date was Monday, April 29th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.18%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s payout ratio is presently 90.21%.

Several analysts have commented on EPD shares. Bank of America set a $32.00 price target on Enterprise Products Partners and gave the company a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, February 13th. Goldman Sachs Group upgraded Enterprise Products Partners from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $32.00 in a report on Tuesday, April 2nd. Finally, Evercore ISI started coverage on Enterprise Products Partners in a report on Tuesday, February 5th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.27.

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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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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