Oak Family Advisors LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,996 shares of the oil and gas producer’s stock after purchasing an additional 12,779 shares during the period. Enterprise Products Partners comprises about 2.1% of Oak Family Advisors LLC’s portfolio, making the stock its 16th largest holding. Oak Family Advisors LLC’s holdings in Enterprise Products Partners were worth $3,956,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of EPD. Dynamic Advisor Solutions LLC grew its position in shares of Enterprise Products Partners by 7.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 66,768 shares of the oil and gas producer’s stock valued at $1,610,000 after acquiring an additional 4,525 shares during the period. Capital Advisors Inc. OK grew its holdings in Enterprise Products Partners by 0.7% during the fourth quarter. Capital Advisors Inc. OK now owns 54,986 shares of the oil and gas producer’s stock worth $1,326,000 after purchasing an additional 403 shares during the period. EP Wealth Advisors LLC increased its position in Enterprise Products Partners by 109.3% during the third quarter. EP Wealth Advisors LLC now owns 17,920 shares of the oil and gas producer’s stock worth $426,000 after buying an additional 9,360 shares during the last quarter. M&T Bank Corp raised its stake in Enterprise Products Partners by 0.3% in the third quarter. M&T Bank Corp now owns 644,556 shares of the oil and gas producer’s stock valued at $15,328,000 after buying an additional 1,746 shares during the period. Finally, HBW Advisory Services LLC lifted its position in shares of Enterprise Products Partners by 7.2% in the third quarter. HBW Advisory Services LLC now owns 16,776 shares of the oil and gas producer’s stock valued at $399,000 after buying an additional 1,125 shares during the last quarter. Institutional investors own 26.54% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Aj Teague acquired 11,950 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were bought at an average price of $25.15 per share, with a total value of $300,542.50. Following the acquisition, the chief executive officer now directly owns 2,491,895 shares in the company, valued at approximately $62,671,159.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 32.60% of the company’s stock.
Enterprise Products Partners Price Performance
Shares of NYSE:EPD opened at $26.38 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $57.27 billion, a PE ratio of 10.55 and a beta of 1.09. The firm has a 50 day moving average of $25.82 and a 200-day moving average of $25.12. Enterprise Products Partners L.P. has a 12 month low of $22.90 and a 12 month high of $28.65.
Enterprise Products Partners (NYSE:EPD – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The oil and gas producer reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $14.74 billion. Enterprise Products Partners had a net margin of 9.43% and a return on equity of 20.38%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.5 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Friday, April 28th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 7.43%. The ex-dividend date is Thursday, April 27th. Enterprise Products Partners’s payout ratio is 78.40%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on EPD shares. JPMorgan Chase & Co. raised their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, March 9th. StockNews.com assumed coverage on Enterprise Products Partners in a report on Thursday, March 16th. They set a “buy” rating for the company. Scotiabank began coverage on Enterprise Products Partners in a research note on Thursday, March 2nd. They set a “sector outperform” rating and a $31.00 target price on the stock. TD Securities boosted their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Finally, Mizuho reissued a “buy” rating and set a $32.00 target price on shares of Enterprise Products Partners in a report on Thursday, March 30th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners presently has an average rating of “Moderate Buy” and an average target price of $30.83.
About Enterprise Products Partners
Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
Read More
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 – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enterprise Products Partners, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Enterprise Products Partners wasn’t on the list.
While Enterprise Products Partners currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
