Cpwm LLC Raises Position in Enterprise Products Partners L.P. (EPD)

Cpwm LLC raised its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 481,004 shares of the oil and gas producer’s stock after purchasing an additional 10,553 shares during the quarter. Enterprise Products Partners accounts for about 2.0% of Cpwm LLC’s portfolio, making the stock its 12th largest holding. Cpwm LLC’s holdings in Enterprise Products Partners were worth $13,997,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EPD. Energy Income Partners LLC lifted its position in shares of 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 acquiring an additional 2,596,527 shares in the last quarter. BlackRock Inc. lifted its position in shares of 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 acquiring an additional 1,912,588 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Enterprise Products Partners by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,165,898 shares of the oil and gas producer’s stock valued at $372,930,000 after acquiring an additional 728,719 shares in the last quarter. Chickasaw Capital Management LLC lifted its position in shares of Enterprise Products Partners by 3.4% in the 1st quarter. Chickasaw Capital Management LLC now owns 11,752,297 shares of the oil and gas producer’s stock valued at $341,992,000 after acquiring an additional 391,329 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of 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 acquiring an additional 4,719,647 shares in the last quarter. Hedge funds and other institutional investors own 36.98% of the company’s stock.

EPD stock opened at $28.47 on Tuesday. Enterprise Products Partners L.P. has a 12-month low of $23.33 and a 12-month high of $30.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market capitalization of $61.71 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 3.45 and a beta of 0.95.



Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. Enterprise Products Partners had a net margin of 12.67% and a return on equity of 19.50%. The company had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $9.23 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, research analysts expect that Enterprise Products Partners L.P. will post 2.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th were given a $0.4375 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, April 29th. This represents a $1.75 dividend on an annualized basis and a yield of 6.15%. Enterprise Products Partners’s dividend payout ratio is presently 90.21%.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, April 11th. Bank of America set a $32.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a research report on Tuesday, January 29th. Evercore ISI assumed coverage on shares of Enterprise Products Partners in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. Finally, Goldman Sachs Group upgraded shares of Enterprise Products Partners from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.00 in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $33.27.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://dakotafinancialnews.com/2019/05/14/cpwm-llc-raises-position-in-enterprise-products-partners-l-p-epd.html.

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

Read More: Balanced Fund

Want to see what other hedge funds are holding EPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Products Partners L.P. (NYSE:EPD).

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

Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.