Fiera Capital Corp cut its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 16.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,980 shares of the oil and gas producer’s stock after selling 2,846 shares during the quarter. Fiera Capital Corp’s holdings in Enterprise Products Partners were worth $308,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Reby Advisors LLC acquired a new stake in Enterprise Products Partners during the 4th quarter worth about $29,000. Exchange Traded Concepts LLC acquired a new stake in Enterprise Products Partners during the 1st quarter worth about $33,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $32,000. Sterling Financial Planning Inc. acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $36,000. Finally, RBA Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 28.59% of the company’s stock.
Shares of EPD stock opened at $25.05 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.00 and a quick ratio of 0.65. The firm has a 50 day moving average of $23.45. The company has a market cap of $54.74 billion, a P/E ratio of 14.65 and a beta of 1.40. Enterprise Products Partners L.P. has a twelve month low of $14.90 and a twelve month high of $25.09.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 12th. Shareholders of record on Friday, April 30th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend was Thursday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 85.31%.
Several brokerages have recently issued reports on EPD. TD Securities began coverage on Enterprise Products Partners in a report on Tuesday, April 6th. They set a “buy” rating and a $28.00 price target for the company. Morgan Stanley lifted their price target on Enterprise Products Partners from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. Finally, Wells Fargo & Company lifted their price target 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, The stock has an average rating of “Buy” and an average target price of $25.50.
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.
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