AE Wealth Management LLC grew its stake in Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,701 shares of the oil and gas producer’s stock after acquiring an additional 30,358 shares during the quarter. AE Wealth Management LLC’s holdings in Enterprise Products Partners were worth $11,209,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bray Capital Advisors increased its position in shares of Enterprise Products Partners by 333.3% during the 3rd quarter. Bray Capital Advisors now owns 1,300 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Enterprise Products Partners during the 1st quarter worth about $31,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Enterprise Products Partners during the 3rd quarter worth about $32,000. McIlrath & Eck LLC boosted its holdings in Enterprise Products Partners by 86.4% during the 3rd quarter. McIlrath & Eck LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 649 shares during the period. Finally, RFP Financial Group LLC purchased a new position in Enterprise Products Partners during the 4th quarter valued at about $34,000. 26.54% of the stock is owned by institutional investors and hedge funds.
Enterprise Products Partners Stock Performance
Shares of Enterprise Products Partners stock opened at $26.98 on Friday. Enterprise Products Partners L.P. has a one year low of $22.90 and a one year high of $28.65. The company has a market cap of $58.57 billion, a PE ratio of 10.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.66 and a current ratio of 0.86. The business has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $25.21.
Enterprise Products Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Friday, April 28th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Thursday, April 27th. Enterprise Products Partners’s dividend payout ratio (DPR) is 78.40%.
Insider Activity at Enterprise Products Partners
In other Enterprise Products Partners news, CEO Aj Teague purchased 11,950 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was purchased at an average cost of $25.15 per share, with a total value of $300,542.50. Following the completion of the acquisition, the chief executive officer now directly owns 2,491,895 shares of the company’s stock, valued at approximately $62,671,159.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on EPD shares. Scotiabank started coverage on Enterprise Products Partners in a report on Thursday, March 2nd. They set a “sector outperform” rating and a $31.00 target price for the company. StockNews.com started coverage on Enterprise Products Partners in a report on Thursday, March 16th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised their target price on Enterprise Products Partners from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, March 9th. Wolfe Research upgraded Enterprise Products Partners from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Monday, January 9th. Finally, Mizuho restated a “buy” rating and set a $32.00 target price on shares of Enterprise Products Partners in a report on Thursday, March 30th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.83.
Enterprise Products Partners Profile
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.
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