Portfolio Solutions LLC bought a new stake in Enterprise Products Partners L.P. (NYSE:EPD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,189 shares of the oil and gas producer’s stock, valued at approximately $103,000.
A number of other large investors have also bought and sold shares of the stock. Essex Savings Bank purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $32,000. Highwater Wealth Management LLC purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $38,000. Paradigm Asset Management Co. LLC purchased a new position in shares of Enterprise Products Partners during the third quarter worth about $49,000. CWM LLC grew its holdings in shares of Enterprise Products Partners by 74.1% during the fourth quarter. CWM LLC now owns 2,350 shares of the oil and gas producer’s stock worth $58,000 after purchasing an additional 1,000 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in shares of Enterprise Products Partners during the fourth quarter worth about $70,000. 36.84% of the stock is currently owned by hedge funds and other institutional investors.
NYSE EPD opened at $28.02 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market cap of $60.66 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.85 and a beta of 0.96. Enterprise Products Partners L.P. has a 52-week low of $23.10 and a 52-week high of $30.05.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.46 billion. Enterprise Products Partners had a net margin of 11.42% and a return on equity of 18.34%. During the same quarter last year, the firm earned $0.36 earnings per share. Analysts predict that Enterprise Products Partners L.P. will post 1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Thursday, January 31st were given a $0.435 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $1.74 dividend on an annualized basis and a yield of 6.21%. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.43. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 89.69%.
Several brokerages have issued reports on EPD. Citigroup dropped their price objective on Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Wells Fargo & Co raised their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Mizuho began coverage on Enterprise Products Partners in a report on Wednesday, November 28th. They set a “buy” rating and a $33.00 price target on the stock. Bank of America set a $32.00 price target on Enterprise Products Partners and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, ValuEngine raised Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $32.50.
In other news, CEO Aj Teague acquired 10,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 31st. The stock was purchased at an average price of $24.36 per share, for a total transaction of $243,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,654,372 shares in the company, valued at $40,300,501.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders purchased 30,000 shares of company stock valued at $733,300. 37.50% of the stock is owned by insiders.
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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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