7,525 Shares in Enterprise Products Partners L.P. (EPD) Purchased by Bank Hapoalim BM

Bank Hapoalim BM acquired a new position in Enterprise Products Partners L.P. (NYSE:EPD) in the first quarter, HoldingsChannel reports. The fund acquired 7,525 shares of the oil and gas producer’s stock, valued at approximately $219,000.

Other hedge funds have also recently modified their holdings of the company. Deutsche Bank AG grew its position in shares of Enterprise Products Partners by 71.9% during 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 during the period. Bank of Montreal Can grew its position in shares of Enterprise Products Partners by 86.9% during 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 acquiring an additional 4,156,710 shares during the period. Energy Income Partners LLC grew its position in shares of Enterprise Products Partners by 14.2% during 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 during the period. BlackRock Inc. grew its position in shares of Enterprise Products Partners by 14.3% during 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 during the period. Finally, Ronna Sue Cohen grew its position in shares of Enterprise Products Partners by 2,830.8% during 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 acquiring an additional 1,267,350 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

EPD opened at $28.69 on Thursday. The company has a market capitalization of $61.76 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 3.47 and a beta of 0.95. 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 quick ratio of 0.58, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

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

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th were paid a $0.4375 dividend. The ex-dividend date was Monday, April 29th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.75 annualized dividend and a yield of 6.10%. Enterprise Products Partners’s dividend payout ratio is currently 90.21%.

A number of research firms have recently weighed in on EPD. Zacks Investment Research raised shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, February 13th. Goldman Sachs Group raised shares of Enterprise Products Partners from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $32.00 in a report on Tuesday, April 2nd. Bank of America set a $32.00 price objective on shares of Enterprise Products Partners and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, Evercore ISI assumed coverage on shares of Enterprise Products Partners in a report on Tuesday, February 5th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target 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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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)

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