Tocqueville Asset Management L.P. Has $720,000 Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Tocqueville Asset Management L.P. increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,959 shares of the oil and gas producer’s stock after buying an additional 4,772 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Enterprise Products Partners were worth $720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Edgemoor Investment Advisors Inc. raised its stake in shares of Enterprise Products Partners by 0.7% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 309,426 shares of the oil and gas producer’s stock valued at $9,704,000 after purchasing an additional 2,181 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in shares of Enterprise Products Partners by 0.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 130,752 shares of the oil and gas producer’s stock valued at $4,100,000 after purchasing an additional 580 shares during the period. Signaturefd LLC grew its holdings in shares of Enterprise Products Partners by 63.2% in the 4th quarter. Signaturefd LLC now owns 8,717 shares of the oil and gas producer’s stock valued at $273,000 after acquiring an additional 3,375 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Enterprise Products Partners by 10.1% in the 4th quarter. Parallel Advisors LLC now owns 46,741 shares of the oil and gas producer’s stock valued at $1,466,000 after acquiring an additional 4,284 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Enterprise Products Partners by 8.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 37,637 shares of the oil and gas producer’s stock valued at $1,180,000 after acquiring an additional 2,931 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $33.99 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $33.34 and a two-hundred day moving average price of $31.49. The company has a market cap of $73.62 billion, a P/E ratio of 12.64, a PEG ratio of 1.37 and a beta of 1.08. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a dividend yield of 6.30%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 79.55%.

Analysts Set New Price Targets

A number of equities analysts recently commented on EPD shares. Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Wolfe Research cut Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Morgan Stanley lifted their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Scotiabank lifted their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.90.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.