enterprise

Brookstone Capital Management Sells 52076 Shares of Enterprise Products Partners L.P. (NYSE:EPD) – Defense World



Brookstone Capital Management cut its stake in shares of Enterprise Products Partners L.P. (NYSE:EPDGet Rating) by 70.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,371 shares of the oil and gas producer’s stock after selling 52,076 shares during the period. Brookstone Capital Management’s holdings in Enterprise Products Partners were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. boosted its position in shares of Enterprise Products Partners by 10.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 21,327 shares of the oil and gas producer’s stock valued at $550,000 after acquiring an additional 2,000 shares during the period. Home Federal Bank of Tennessee lifted its stake in Enterprise Products Partners by 3.7% in the 1st quarter. Home Federal Bank of Tennessee now owns 28,035 shares of the oil and gas producer’s stock worth $724,000 after purchasing an additional 1,000 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Enterprise Products Partners by 2.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 66,393 shares of the oil and gas producer’s stock worth $1,714,000 after purchasing an additional 1,355 shares in the last quarter. Sanders Morris Harris LLC boosted its holdings in Enterprise Products Partners by 1.9% in the 1st quarter. Sanders Morris Harris LLC now owns 577,417 shares of the oil and gas producer’s stock valued at $14,904,000 after purchasing an additional 10,796 shares during the period. Finally, Addison Capital Co grew its position in shares of Enterprise Products Partners by 2.6% during the 1st quarter. Addison Capital Co now owns 17,573 shares of the oil and gas producer’s stock valued at $454,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 27.29% of the company’s stock.

NYSE:EPD opened at $23.99 on Monday. The company has a market capitalization of $52.31 billion, a price-to-earnings ratio of 11.53 and a beta of 1.14. The business has a 50 day moving average of $26.43 and a 200 day moving average of $24.85. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.84 and a quick ratio of 0.67. Enterprise Products Partners L.P. has a 1-year low of $20.42 and a 1-year high of $28.65.

Enterprise Products Partners (NYSE:EPDGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The oil and gas producer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Enterprise Products Partners had a net margin of 10.28% and a return on equity of 18.08%. The firm had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $10.47 billion. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue was up 42.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enterprise Products Partners L.P. will post 2.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Friday, April 29th were paid a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 7.75%. The ex-dividend date was Thursday, April 28th. Enterprise Products Partners’s dividend payout ratio is presently 89.42%.

In related news, Director Carin Marcy Barth acquired 19,050 shares of Enterprise Products Partners stock in a transaction dated Friday, June 24th. The shares were purchased at an average cost of $23.64 per share, with a total value of $450,342.00. Following the completion of the purchase, the director now owns 19,050 shares of the company’s stock, valued at $450,342. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 37.50% of the company’s stock.

EPD has been the subject of several research analyst reports. TD Securities lifted their price objective on Enterprise Products Partners from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 3rd. Truist Financial lifted their price target on Enterprise Products Partners from $27.00 to $30.00 in a research report on Tuesday, May 3rd. StockNews.com assumed coverage on shares of Enterprise Products Partners in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. US Capital Advisors reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, June 1st. Finally, Morgan Stanley boosted their price target on shares of Enterprise Products Partners from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

Enterprise Products Partners Company Profile (Get Rating)

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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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)



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