Fiera Capital Corp Sells 2,846 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Fiera Capital Corp lowered its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 16.9% in the first quarter, HoldingsChannel reports. The fund owned 13,980 shares of the oil and gas producer’s stock after selling 2,846 shares during the period. Fiera Capital Corp’s holdings in Enterprise Products Partners were worth $308,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in shares of Enterprise Products Partners by 8.6% during the first quarter. Alps Advisors Inc. now owns 26,587,473 shares of the oil and gas producer’s stock worth $585,456,000 after acquiring an additional 2,110,695 shares during the last quarter. BlackRock Inc. increased its holdings in Enterprise Products Partners by 12.9% in the first quarter. BlackRock Inc. now owns 18,705,833 shares of the oil and gas producer’s stock valued at $411,902,000 after purchasing an additional 2,138,372 shares during the last quarter. Morgan Stanley increased its holdings in Enterprise Products Partners by 0.3% in the fourth quarter. Morgan Stanley now owns 17,933,855 shares of the oil and gas producer’s stock valued at $351,325,000 after purchasing an additional 54,170 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Enterprise Products Partners by 0.4% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 10,233,876 shares of the oil and gas producer’s stock valued at $200,473,000 after purchasing an additional 40,900 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Enterprise Products Partners by 5.3% in the fourth quarter. Clearbridge Investments LLC now owns 9,783,342 shares of the oil and gas producer’s stock valued at $191,656,000 after purchasing an additional 493,805 shares during the last quarter. Institutional investors own 28.59% of the company’s stock.

EPD stock opened at $25.05 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $54.74 billion, a PE ratio of 14.65 and a beta of 1.40. The stock’s 50-day moving average price is $23.45. Enterprise Products Partners L.P. has a fifty-two week low of $14.90 and a fifty-two week high of $25.09.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Sunday, May 2nd. The oil and gas producer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.13. The company had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Enterprise Products Partners had a return on equity of 17.87% and a net margin of 13.04%. Enterprise Products Partners’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 12th. Stockholders of record on Friday, April 30th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 7.19%. Enterprise Products Partners’s dividend payout ratio is currently 85.31%.

A number of equities research analysts recently commented on EPD shares. Morgan Stanley upped their price objective on Enterprise Products Partners from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. TD Securities started coverage on Enterprise Products Partners in a report on Tuesday, April 6th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on Enterprise Products Partners from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, May 13th. Thirteen equities research analysts have rated the stock with a buy rating, Enterprise Products Partners currently has a consensus rating of “Buy” and an average price target of $25.50.

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. 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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